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Reinsurer's reinsurance premiums more than double

Posted On: Aug. 15, 2018 6:03 AM CST

Russian National Reinsurance Co.'s reinsurance premiums more than doubled to 6 billion Russian rubles ($90 million) in the first half, reported. Total volume of earned reinsurance premiums amounted to RUB 4.7 billion. The reinsurer recorded RUB 3.6 billion in losses while net profit amounted to RUB 1.5 billion. Facultative reinsurance accounted for 62% of the reinsurer's portfolio.

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