Moscow bans all reinsurance from Russia to UK, US, EU carriers
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

Moscow bans all reinsurance from Russia to UK, US, EU carriers

Marcel Le Gouais
15 March 2022
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
Facade of Russian Parliament building in Moscow with emblem of Russia.jpg

Russia’s parliament has banned Russian insurers from ceding any class of risk to reinsurers in “unfriendly states” including the US and UK until 31 December, in Moscow’s latest countermeasure against global sanctions.

The new legislation, which takes effect today, will also ban Russian insurers from ceding to reinsurers across a host of other nations that Moscow deems “unfriendly”, including Australia, Canada and all countries within the European Union, as well as...

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Login now

Topics

NewsRegulationRe/insurers
Marcel Le Gouais opinion headshot 2021.png
Marcel Le Gouais
Contact
Gift this article