Creation of Eurasian Reinsurance Company

The Russian government has approved the draft law establishing the Eurasian Reinsurance Company.

The creation of the new company came as a result of the agreement signed on 20 October 2022 in Yerevan (Armenia) between the Eurasian Economic Union member States: Russia, Belarus, Kazakhstan, Kyrgyzstan and Armenia.

With an initial share capital of 213 million USD, Eurasian Reinsurance Company is scheduled to start operations in 2023.