In certain situations non-resident insurer needs to provide his client with insurance protection in the Russian Federation. In this case Russian law would require him to register a local daughter company and get necessary licences. It takes time, it is expensive and inefficient.
We offer an alternative solution — fronting services.
Fronting is a procedure in which we act as the insurer of record by issuing a policy on agreed, accustomed terms and then cede up to 100 per cent of the risk in reinsurance to the client’s traditional insurer.