Russian National Reinsurance Company enters the Egyptian market
Russian National Reinsurance Company (RNRC) has received green light from the Egyptian authorities to get established in the local market. This move is part of the development strategy of the Russian reinsurer, keen on investing in projects abroad.
RNRC specifically targets countries in Eastern Europe, MENA (Middle East and North Africa) and BRICS (Brazil, Russia, India, China and South Africa). RNRC has been granted a "BBB-" rating by Fitch Ratings.
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