Rosgosstrakh Management and Ownership Structure

Rosgosstrakh is one of the largest insurance companies in Russia, with a long history dating back to 1927. It was founded as a state-owned enterprise and has since undergone significant changes in its management and ownership structure.

The company's management structure is led by its President and CEO, who oversees the overall strategy and direction of the company. The President is responsible for making key decisions and ensuring the company's compliance with regulatory requirements.

Rosgosstrakh is 100% owned by the Russian government, specifically the Federal Agency for State Property Management. This state ownership has allowed the company to operate under the guidance of the government and implement policies that align with the country's economic goals.

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The management team at Rosgosstrakh is led by Maxim Valentinovich Shepelev, who serves as the Chief Executive Officer (CEO) since July 17, 2022.

Shepelev was appointed as the general director of Rosgosstrakh on July 19, 2022, replacing Gennady Halperin, who had been heading the company since mid-2019.

Denis Guzovsky is the Chief Tech/Sci/R&D Officer, having been appointed to this role on July 26, 2021, at the age of 54.

Other key members of the management team include Filipp Sergeevich Meisenberg, who has been the Chief Operating Officer since December 31, 2016, and Irina Elina, who serves as the Human Resources Officer since May 4, 2023.

The Executive Committee at Rosgosstrakh Insurance Company is led by Maxim Valentinovich Shepelev, who took on the role of CEO in July 2022. He's been at the helm since July 17, 2022.

The committee also includes Denis Guzovsky, the Chief Tech/Sci/R&D Officer, who joined in July 2021 at the age of 54. His experience in the field is a valuable asset to the team.

Filipp Sergeevich Meisenberg serves as the Chief Operating Officer, having taken on the role on December 31, 2016. His tenure is a testament to the company's commitment to stability.

Irina Elina is the Human Resources Officer, appointed on May 4, 2023. Her role is crucial in maintaining a positive and productive work environment.

Alexey Anatolyevich Pechenkin is the Corporate Officer/Principal, who joined the team on August 29, 2019. His expertise has been instrumental in driving the company's growth.

Here's a brief overview of the Executive Committee:

The Board of Directors of Rosgosstrakh Insurance Company is comprised of six members, with Mikhail Mihaylovich Zadornov serving as the Chairman since October 2, 2018.

Mikhail Mihaylovich Zadornov, the Chairman, is 61 years old and has been in his position since 2018.

The Board of Directors includes four other members, but their ages are not publicly disclosed, leaving their current ages unknown.

Valery Pavlovich Goreglyad, a Board Member, is 66 years old and has been serving since December 31, 2016.

The most recent additions to the Board are Hannes Shariputra Chopra and Nikolay Sergeevich Tyurnikov, both of whom joined on June 29, 2020, and are 58 and unknown years old, respectively.

Here is a list of the Board of Directors:

Mikhail Mihaylovich Zadornov (Chairman, 61 years old)Nikolay Vladimirovich Galushin (Director/Board Member)Valery Pavlovich Goreglyad (Director/Board Member, 66 years old)Veniamin Aleksandrovich Polyantsev (Director/Board Member, 44 years old)Nikolay Sergeevich Tyurnikov (Director/Board Member)Hannes Shariputra Chopra (Director/Board Member, 58 years old)

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Rosgosstrakh's ownership structure has undergone significant changes over the years. In 2016, Danil Khachaturov agreed to sell the company to the Otkritie Group, led by Vadim Belyaev.

The Otkritie Group acquired a majority stake in Rosgosstrakh, with the company's assets exceeding 4 trillion rubles and a customer base of 50 million people. The group's insurance business was developed by the Rosgosstrakh team.

Otkritie Bank has increased its stake in Rosgosstrakh from 50.28% to 99.44% as of November 2020. The bank also reduced the share of the indirect order of Rosgosstrakh to 0.2% from 49.36%.

Here is a brief summary of the key players involved in Rosgosstrakh's ownership:

In 2020, Rosgosstrakh completely came under the direct management of Otkritie Bank. This happened on November 12, 2020, when Otkritie Bank increased its share in the insurance company from 50.28% to 99.44%.

Otkritie Bank reduced the share of Rosgosstrakh's indirect owner to 0.2% from 49.36%. This was a significant change, as Otkritie Bank had previously directly owned 50.12% of Rosgosstrakh's shares.

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The Central Bank owned Otkritie FC Bank, which increased its stake in Rosgosstrakh by 7.1 percentage points to 99.6% in January 2020. This was achieved by buying out shares from related organizations, including the bank of non-core assets "Trust" and the subsidiary pension fund (NPF) "Otkritie".

The transactions were valued at 11.8 billion rubles, with Otkritie FC Bank buying out 9.96% of Rosgosstrakh shares for 6.9 billion rubles and 7.13% for 4.9 billion rubles.

Here's a breakdown of the changes in ownership:

Note: The share value is not directly available, but it can be inferred from the article that the transactions were valued at 11.8 billion rubles.

In many countries, public companies are owned by the government or have a significant government stake. This can provide a level of stability and security for investors.

Rosgosstrakh Insurance Company is a public company, as indicated by the "Public Company" label.

Rosgosstrakh's financial performance is a testament to its adaptability and resilience. The company's net profit in 2022 was 4.1 billion rubles, according to OSBU, and 2.45 billion rubles, according to IFRS.

In 2020, Rosgosstrakh's insurance fees increased by 10% compared to 2019, reaching 87.7 billion rubles. The growth was largely driven by the company's online sales channel, which saw a 118% increase in insurance premium fees.

Rosgosstrakh's ability to reduce expenses and maintain a positive growth rate in sales channels during the COVID-19 pandemic is a notable achievement. The company's general director, Gennady Halperin, attributes this success to the well-coordinated work of the entire team and the implementation of business process restructuring.

The company's assets by the end of 2020 stood at 149.7 billion rubles, with its investment portfolio valued at 86.7 billion rubles and capital at 46.5 billion rubles.

Here's a breakdown of Rosgosstrakh's financial performance in 2020:

Rosgosstrakh offers a range of insurance policies to suit different needs, including life, health, and property insurance.

Their life insurance policies provide coverage for up to 50 years, which is a significant advantage for those who want to secure their family's financial future.

You can choose from various insurance plans, including term life insurance, whole life insurance, and endowment insurance.

The premiums for their policies are competitive, with options to pay monthly, quarterly, or annually.

Their health insurance policies cover a wide range of medical expenses, including hospital stays, surgeries, and doctor visits.

Rosgosstrakh's insurance policies also offer additional benefits, such as a 24-hour emergency hotline and a personal insurance manager.

With Rosgosstrakh, you can customize your policy to fit your specific needs and budget.

Their policies are designed to provide financial protection and peace of mind, so you can focus on what matters most.

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At Rosgosstrakh, they've made a commitment to provide a stress-free claims experience for their clients. Their nationwide network of over 140 claim centers across Russia is equipped with advanced software to ensure quick and efficient claim settlement.

Their claim centers operate 24/7, 365 days a year, which means you can reach out to them at any time. In fact, in 80% of cases, the waiting time doesn't even exceed 20 seconds.

They receive over 3 million telephone calls a year, and have 205 phone agents waiting daily to assist clients. This level of service is part of their mission to protect the well-being of Russian people by providing relevant insurance products and services.

At Rosgosstrakh, they prioritize exceptional claim service to make insurance simpler, faster, and more reliable for their clients. They strive to keep the claim service stress-free, treating clients with care, speed, and efficiency.

Their nationwide network of over 140 claim centers across Russia is equipped with the ClaimCenter software, a world-known system that facilitates quick and flawless claim settlement. This network ensures client assistance no matter where the insurance policy was purchased.

Rosgosstrakh's claim centers operate a fast and efficient call center service, open 24/7, 365 days a year. In 80% of cases, the waiting time doesn't exceed 20 seconds. This level of service allows them to deal with over 3 million telephone calls a year.

Their team of 205 phone agents is available daily to respond to clients' calls, providing assistance and support whenever needed.

A lawsuit was filed in Los Angeles against Danil Khachaturov for $205 million.

The lawsuit was filed by the insurance company Rosgosstrakh, which is seeking a significant amount of money from its former owner.

Danil Khachaturov is the ex-owner of the company, and the lawsuit aims to recover damages from him.

The lawsuit was filed with the California Supreme Court for the District of Los Angeles in September 2020.

This is not the first time Danil Khachaturov has faced legal issues, as his brother Sergei Khachaturov was sentenced to prison in Russia for embezzlement.

Sergei Khachaturov was found guilty of embezzling 8 billion rubles and was sentenced on July 14, 2020.

The lawsuit against Danil Khachaturov highlights the importance of holding individuals accountable for their actions, even if they are no longer in a position of power.

Rosgosstrakh has a long history of challenges that have shaped the company into what it is today. Founded in 1927, the company faced significant challenges in its early years, including a devastating fire in 1931 that destroyed its headquarters.

The company's growth was also hindered by World War II, which led to a significant decline in insurance sales. However, Rosgosstrakh was able to recover and continue growing in the post-war period.

Rosgosstrakh has a century of history, evolving from a state-delivered and regulated service to a market-driven leader.

Founded in 1921 as Gosstrakh USSR, it was the Russian government-owned insurance monopolist until 1947.

The company became a state-owned joint stock company on February 10, 1992, by the Government Resolution of the Russian Cabinet.

In 2003, a controlling stake of 78% was privatized, marking a significant shift in the company's ownership.

By 2006, Rosgosstrakh had become Russia's largest insurance company, with US$1,528 billion in premiums.

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Between 2007 and 2008, the company acquired the insurance arm of the IFD Kapital Financial Group, consisting of Kapital Insurance, Kapital Reinsurance, Kapital Health Insurance, and Kapital Life Insurance.

These companies continue to operate under the name "Capital".

In 2010, Rosgosstrakh restructured its ten regional insurance companies into a unified federal company called "Group Rosgosstrakh".

The Russian government sold its remaining 13.1% stake in the company in September 2010, losing its golden share and control over the company.

In 2018, Rosgosstrakh acquired Ergo Life, a Russian-based subsidiary of German insurance company Munich Re.

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In 2019, a criminal case was opened on damage to Rosgosstrakh in the amount of 1.3 billion rubles.

The case was initiated at the request of Peter Aven from Alfa Bank, who was assisting Rosgosstrakh in recovering assets and money illegally withdrawn from the company.

Unidentified persons from among the management of Rosgosstrakh caused damage to the company by 1.34 billion rubles in 2017 through a plan aimed at extracting benefits.

The plan involved an unequal exchange of a network of Medis clinics for shares in RGS Med-Invest LLC, resulting in a loss of actual control over the clinics and causing damage to society of at least 800 million rubles.

Capital Re bought RGS-Life bonds worth 481 million rubles from the life insurer, which was in a pre-bankruptcy state and couldn't fulfill its obligations under the bonds.

This led to the issuer declaring the first default and the liquidation of RGS Real Estate.

Unidentified persons from among the management of Capital Re also bought Eurobonds of Otkritie Bank for 59 million rubles, which were later written off and caused damage to Capital Re.

The transactions were made to the detriment of the companies that entered the transaction with Otkritie and were transferred to its ownership, and the property was consolidated from a group of companies controlled by Danil Khachaturov.

As a result of the implementation of the plan, several Rosgosstrakh lawsuits, which Peter Aven had previously lost, were sent for new consideration after his letter to the president.

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