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RFIB launches new Russian Insurance Broker

RFIB Group Ltd, the Lloyd’s insurance and re-insurance broker, has established a new retail broker in Russia. Based in Moscow, the broker, named Anglo Russian Insurance Broker and known locally as AnRu, will be managed by General Director Oksana Solomko.

Ms Solomko has considerable underwriting experience working in Russian insurance companies, including most recently as reinsurance manager for insurance company Yakor. She will be supported by Maria Vinogradova, who has experience in a number of insurance and reinsurance companies, as Deputy General Director.

AnRu is licenced to operate as both a broker and as an agent and will develop a network of agencies targeting corporate retail business. A number of agency agreements have already been signed with leading local insurance companies and it is expected that AnRu will develop rapidly in 2011.

John Metcalfe, Director International at RFIB, commented: “RFIB has been operating in Russia from the very first days of its liberalisation in 1989 and while a considerable flow of reinsurance business into the London and international markets has been created, there is a growing desire for the local market to write its own risks. Russia does not have a well developed domestic broker sector and we believe there is now a real opportunity for an independent broker who can offer local expertise with the support of established international parents.

“As well as developing and placing local retail business, AnRu has already begun to place reinsurance business from ceding companies in Europe, the Middle East, and CIS countries into the Russian reinsurance market. RFIB is committed to insurance broking in Russia and the CIS and we are very excited by the opportunities presented by this first step.”

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