Scandinavian group If gets the Russian insurer “Region”
Purchase of company “Region” is the second step of If’s strategy in Russia. Last spring If has opened branch with branches in St.-Petersburg and Moscow.
The head of operations of group If in Russia and Baltic has explained If will continue to serve corporate clients from Scandinavia rendering qualitative services, but the today’s agreement also allows us to enter the internal Russian insurance market.
On the preliminary data, in 2007 the collected premiums of “Region” have made nearby 23,7 million euro. The basic part of insurance payments has been collected under contracts of property insurance.
The insurance society “Region” works since 1993. The company has 8 offices of sales in St.-Petersburg and regional network from 16 branches. “Region” is noted by the national premium “Financial Russia-2007″ as the best company in St.-Petersburg.