Russian reinsurance News

EU Sanctions Aim to Make Banks Report Frozen Russia Assets; Russia Reinsurer on List

The European Union is poised to force banks to report information on Russian Central Bank assets as part of the bloc’s latest sanctions package targeting Moscow for its war in Ukraine, according to draft proposals seen by Bloomberg. Getting a …

State-Controlled RNRC Says It Now Covers Nearly All Russian Reinsurance

State-controlled Russian National Reinsurance Co. (RNRC) is covering nearly all reinsurance of domestic business, its president said on Friday, as foreign insurance firms withdrew their coverage following Western sanctions. “I can say that of today, nearly all Russian insurance market …