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

Sat, 09/23/2017 - 12:37
by By Oksana Kobzeva and Denis Pinchuk

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 barred from using Western reinsurers due to Western sanctions imposed on Moscow over its annexation of Crimea. But RNRC also seeks to work with firms not affected by sanctions.

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