 News North Korean insurance firm planning entry to Russian market, association saysRussian insurers call move ‘promising,’ though expert raises doubts that reinsurer could pay out in case of incident  A North Korean reinsurance firm is weighing whether to enter the Russian market following the exodus of Western companies over the war in Ukraine, with a group of potential partners calling the move “promising.” The DPRK reinsurer Future Re Company approached the All-Russia Insurance Association with a presentation outlining plans to expand its business and enter the Russian market in late July, according to the association, shortly before Moscow and Pyongyang ramped up talks on military cooperation. © Korea Risk Group. All rights reserved. |
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