MOSCOW – Russia’s Renaissance Insurance Group will reduce the size of its IPO to $250 million from an initial $290 million, two sources told Reuters on Wednesday, selling only new shares plus an over-allotment option. The group has covered its …
Renaissance Insurance Group JSC, Russia’s largest online policy provider, set a price range for its initial public offering in Moscow that values the company at as much as 73.3 billion rubles ($1 billion). That’s the top end of the 120 …
Renaissance Insurance Group is planning to hold an initial public offering on the Moscow Exchange potentially as early as this autumn, a source familiar with the preparation for the listing told Reuters on Friday. The source, who asked not to …
Russian lawmakers on Thursday voted to postpone the second reading of a bill being discussed in the lower house of parliament that would make it a crime to comply with Western sanctions on Russia. The lower house said it would …
Heightened geopolitical tensions spilling over from the Russia-Ukraine crisis, high interest and inflation rates, and low commodity prices are placing pressure on Russia’s economy and its insurance industry’s prospective growth, according to an A.M. Best special report. A.M. Best believes …
