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International

Russian reinsurer signs one-year agreement with Aon

December 19, 2018 Reprints

Russian National Reinsurance Co. has signed a one-year agreement with U.K.-based insurance broker Aon P.L.C.'s local unit to allow the reinsurer to cover risks for up to $149 million, Reuters reported. Nikolay Galushin, chief executive of Russian National Reinsurance, said that the deal did not cover sanctions-related risks. Russia's central bank set up the reinsurer in 2016 after U.S. sanctions prevented local insurers from buying reinsurance abroad.

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Russian reinsurer signs one-year agreement with Aon

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