Russian National Reinsurance Company paid 520 million rubles to SOGAZ Insurance Group as the second part of its share in indemnity for an accident, which occurred in a pit of “Mir” Mine of ALROSA Company. The first part of the insurance indemnity, which was unconditionally payable to the Reinsured, SOGAZ Insurance Group, was paid in July 2018 in the amount of 229 million rubles. The mine was insured by SOGAZ Company and reinsured within the obligatory program. The share of Russian National Reinsurance Company in this program totals 10%.
Russian National Reinsurance Company Joint-Stock Company was established pursuant to Federal Law No. 363-FZ dated July 3, 2016 “On Amending the Law of the Russian Federation ‘On Organization of Insurance Business in the Russian Federation’" by decision of the Board of Directors of its sole founding member, the Central Bank of Russia, who owns 100 percent of the company stock. The Company’s paid-up authorized capital is RUR 21.3 billion. Reinsurance License PS No. 4351 dated October 12, 2016. ACRA rating: ААА (RU), Stable outlook. In 2017, RNRC posted RUR 7.6 billion in premiums.