August 19, 2017 9:22 AM ET

Insurance

Company Overview of KAMA RE LLC

Company Overview

KAMA RE LLC provides reinsurance services. The company is based in the Russian Federation. KAMA RE LLC operates as a subsidiary of NASKO Insurance Group.

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Russia

Key Executives for KAMA RE LLC

KAMA RE LLC does not have any Key Executives recorded.

KAMA RE LLC Key Developments

Central Bank of Russia Suspends Kama re Reinsurance Company's License for Reinsurance Activities

On September 24, 2015, the Central Bank of Russia suspended Kama re Reinsurance Company's license for reinsurance activities. The license suspension comes after the company failed to properly execute the regulatory instructions, in particular the company failed to observe the requirements for financial sustainability and solvency in terms of creation of the insurance reserves, procedure and conditions of investing own funds and insurance reserve funds. The decision comes into effect on the day when it's published in the Bank of Russia Bulletin. The license suspension means the ban on signing new insurance agreements and making amendments to the respective agreements that result in an increase in liabilities of the insurance entity.

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Recent Private Companies Transactions

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No transactions available in the past 12 months.
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