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Ukraine: Nine-month 2013 outward reinsurance contracts total $791.8 million

December 30, 2013 - 6:00am

Outward reinsurance contracts in Ukraine totaled 6.49 billion Ukrainian hryvnias ($791.8 million) during the first nine months of 2013, reports Forinsurer.

Of this, UAH 1.35 billion ($164.7 million) were signed with non-resident insurers.

Official data indicate that there was strong growth in reinsurance operations in the country during the period.

Among the outward reinsurance ceded to non-resident reinsurers, 41% went to Russia, 17% to Germany and 10% to Switzerland.

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