Russian National Reinsurance Company Used as a Backstop for Russian Ships for Insurance
Posted on 06/24/2022
As Western sanctions bite Russian companies over Russia’s Ukraine invasion, the Russian National Reinsurance Company (RNRC) is now the key reinsurer for Russian ships. This includes ships owned by Sovcomflot. Sovcomflot is Russia’s largest shipping company, and one of the global leaders in the maritime transportation of hydrocarbons, as well as the servicing and support…
