Fitch Ratings, the international rating agency has reaffirmed the financial strength rating of Russian National Reinsurance Company at the “BBB-” level with a positive forecast. In its official statement, Fitch notes that it decided to award this rating based on positive rating factors, such as high capitalization and strong position of the Company’s shareholder, the Bank of Russia, along with the achievement by the Company of its target business volume and efficient investment policy.
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.