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Russia: Reinsurers seek ties in emerging economies

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Russian reinsurers are looking to expand their overseas presence by developing ties in countries that are part of BRICS (Brazil, Russia, India, China and South Africa), the Shanghai Cooperation Organization (China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan) and the Customs Union (Russia, Belarus and Kazakhstan).

They will also seek ties with reinsurers operating in the markets of the former Soviet Union, reports Forinsurer. The Russian central bank supports the expansion plans.

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