Russian market News

World’s Automakers Face Massive Disruption from Car Sharing Phenomenon

When Evgeny Barkov owned a car, the 31-year-old software salesman would often look out of his Moscow window at it with disgust. His possession sat unused more than 90 percent of time, while sucking up money and causing him anxiety …

Generali Opens Representative Office in Moscow

Generali opened a representative office of Generali in Moscow on Oct. 31, 2018, which the company said is an important milestone in its expansion in the country. The office was opened by two Generali executives: Luciano CirinĂ  and Giorgio Callegari. …

Russian Industrial Plants Turn to State Reinsurer to Take More Risk after U.S. Sanctions

Dozens of industrial plants in Russia have turned to the state’s reinsurance company for cover after an extension of U.S. sanctions made it difficult to get reinsurance elsewhere, the head of that firm told Reuters. The Russian National Reinsurance Co. …

Russia’s Insurers May Need More State Bailouts, Says Insurance Association Chief

Russia’s banking crisis and a weak economy could spell more trouble for its insurance sector, requiring further state support following the bailout of top insurer Rosgosstrakh last year, the head of the country’s main insurance lobby said. Russia’s financial industry …