Russian National Reinsurance Co. (RNRC) News

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 …

Russia National Reinsurance Co. to Expand into China, India, Middle East & Africa

Russian National Reinsurance Co. (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. State-owned RNRC was set up mainly to offer reinsurance to firms …