After Russia's accession to the WTO, insurance market eliminates most of barriers. - PRICE INSURANCES.COM
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    Insurances » 2012 » April » 13 » After Russia's accession to the WTO, insurance market eliminates most of barriers.




    16:14
    After Russia's accession to the WTO, insurance market eliminates most of barriers.
     After Russia's accession to the WTO, insurance market eliminates most of barriers. online
     After Russia's accession to the WTO, insurance market eliminates most of barriers. online
     After Russia's accession to the WTO, insurance market eliminates most of barriers. online
    Disputes about the benefits and the amount of quota for the participation of foreigners in the capital of Russian insurance companies are completed. A couple of years after the entry of Russia into the WTO, insurance market eliminates most of the barriers.

    In late March, the third largest U.S. insurer Liberty Mutual said about the acquisition of a small Russian company "KIT Finance Insurance". The deal allows Liberty to enter the insurance market " not a life" of Russia, amount of which is $ 21 billion, said the report of Liberty.

    Today there are many leaders of the world insurance in Russia: Allianz, Zurich Financial Services, Axa, Generali, Metlife Alico, etc. Even 10-20 years ago, Western insurers in Russia could be counted on the fingers of one hand. Allianz and Zurich, before buying of "Rosno" and "Nasty" worked through the small Russian companies, the group Ergo bought the St. Petersburg company "Russia" from the current first deputy chairman of the Duma Committee on Financial Markets Vladislav Reznik, the group AIG also launched a company, which was subsequently divided into two: life insurance and general insurance.

    The first serious wake up call called on the market in the summer of 2001, when Allianz announced the acquisition of 45.5% included in the top 5 largest Russian insurance company "Rosno" from AFK "System" for $ 28.6 million. After some time, German troops landed in “Rosno”- emissaries of the new shareholders come to get acquainted with the company, recalls a former top manager "Rosno". The Germans began to rebuild "Rosno," and five years later the owner of "systems" Vladimir Yevtushenko has bargained with Allianz, which wanted to buy control of the "Rosno". The Germans have succeeded in February 2007, and one of the last points in the negotiations, told participants of the transaction, was set by President Vladimir Putin, who met with the head of Allianz Michael Dickman. 49.2% of the shares of "Rosno" cost the German concern at all other money: $ 750 million. In the same year Allianz has bought the former insurer of Yukos company "Progress-Garant", and in 2011 announced about the consolidation of its insurance assets under one roof. Group will work under the brand Allianz on the Russian market.

    2007 was generally rich in landmark deals: Zurich bought 66% of the insurer "Nasta" from businessman Mikhail Nikolaev, a year later bought the remaining third, and the entire company cost Swiss $ 465 million. But the record was set by "RESO-Guarantee», French Group AXA acquired 36.7% of the company that belongs to brothers Sergei and Nikolai Sarkisovy. The transaction amount is 810 million euros, in the last year option to purchase of controlling stake of Reso has expired, which the French are not used, and now they are large, but still minority shareholders of Reso. The last pre-crisis deal in Russia was the purchase of "Orans insurance" by Netherlands group Eureko (now Achmea) from brothers Alexei and Dmitry Ananievy at the end of 2008. "Orans" was estimated at 96 million euros by Dutch, providing an opportunity to change the final cost of the insurer based on 2008 ., reported Eureko in the financial statements. The group, reviewed the financial results of the "Orans" in 2008, demanded the return of nine million euros and got them from the seller.
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