Russian National Reinsurance Company paid two tranches in the amount of 8 million US dollars and 111 thousand Euros in favor of VTB-Insurance Company within its share of claims related to loss of “Angosat” satellite. In December 2018, the Company already paid 475 million rubles to SOGAZ Insurance Group on this occurrence. Russian National Reinsurance Company has not fully paid its share in the claims related to loss of the satellite, and the settlement process is still underway.
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. Fitch rating: BBB- (positive). In 2017, RNRC posted RUR 7.6 billion in premiums.