Russia: National Reinsurance Company Established

November 23, 2016:

Asinta Partner in Russia, Mai CEE, has informed us of the following change in the Russian reinsurance market:

The National Reinsurance Company (NPC) was recently established in Russia under special legislation. This is an 100% state owned company; a subsidiary of the Central Bank of Russia. NPC has recently received its license and will become one of the key players in the local reinsurance market.

MAI CEE has put together a great summary of this change, which you can read in full here.