Reinsurance News
Russian National Reinsurance Company
India approves three Russian insurers to provide marine cover after state-owned reinsurer backing: report
25th April 2024
Sources have told Reuters that Russian National Reinsurance, the country's state-owned reinsurer, has given financial backing to three insurers, enabling the Russian carriers to seek Indian approval to provide marine cover to tankers. The news comes as Russia looks to facilitate trade with India following Western sanctions related to its ongoing ... Read the full article
Russia’s state-backed RNRC cuts brokerage deal with local Aon subsidiary: Reuters
18th December 2018
The Russian National Reinsurance Company (RNRC), which was created to reinsure Russian firms under Western sanctions, has signed a one-year deal with a local subsidiary of Aon that allows the RNRC to reinsure risks of up to $149 million, according to Reuters. RNRC boss Nikolay Galushin has said the deal with ... Read the full article
Russian National Reinsurance Company approved to operate in India
16th March 2018
Russia's state-owned reinsurer, Russian National Reinsurance Company (RNRC), has announced that it's received approval from the Insurance Regulatory and Development Authority of India (IRDAI) to operate as a cross-border reinsurance company. Initially, the reinsurer was mainly established to offer reinsurance protection to companies barred from using Western reinsurers as part of ... Read the full article
Russian national reinsurer aims for global expansion
25th September 2017
The Russian National Reinsurance Company, (RNRC) which was created to reinsure Russian firms under Western sanctions, plans to diversify and expand into China, the Middle East, India, and Africa, the Chief Executive told Reuters. The firm reported earning premiums of $52 million in the first half of 2017, with a quarter coming ... Read the full article
Russia’s national reinsurer approved to enter Egyptian specialty market
24th August 2017
The Russian National Reinsurance Company (RNRC) has received approval from the Egyptian market watchdog to operate as a foreign reinsurance company in the local specialty market. The approval means that RNRC is now included in the Egyptian local official register of the foreign reinsurers, and the entry is a continuation of ... Read the full article
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