Glencairn Group has announced the opening of its Moscow office.
Glencairn LLC in Moscow will be led by Ksenia Yamova, general director, formerly of Aon and Andrey Runov, deputy general director, formerly of Ingosstrakh Insurance Co. Ltd, one of Russia's largest federal insurance agencies.
This follows Glencairn's acquisition of IoRisk Solutions in Russia which was set-up by Mark ter Haar.
Steve Hearn, chairman and chief executive of Glencairn, said: “The Russian insurance market is growing rapidly. With a fast growing economy and low insurance penetration, we see enormous potential and have already built up a significant portfolio of major commercial and industrial clients in the country.
"The international insurance community is waking up to the market's potential and our existing position will be significantly enhanced by the opening of our office.”
