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.
Clinton Mora is a reporter for Trending Insurance News. He has previously worked for the Forbes. As a contributor to Trending Insurance News, Clinton covers emerging a wide range of property and casualty insurance related stories.