Company profile: Russian Re

Russian Re’s gross premium income jumped by 135% to R516mn (US$16.9mn) last year, considerably exceeding the premium growth of 61% for the Russian insurance market, according to the company’s annual report. Russian Re, which was founded by the Russian Union of Insurers in December 1992, also saw a substantial improvement in its result. Pre-tax profits were up 148% to R12mn while net profit rose by 119% to R4.4mn.