1.3 Billion payout for wife of Russian Insurance chief

April 12, 2008at 5:52 pm · Filed under International Insurance

1.3 billion dollar payout for Russian Insurance wife

Although it is not directly an insurance payout, but rather a potential marriage dissolution settlement, it is insurance related none the less. Anna Khachaturova, the wife of Danil Khachaturov who is the head of the Russian Insurance empire Rosgosstrakh wants 50% of his insurance stock. Gosstrakh and its successor Rosgosstrakh was the first and is the biggest of the Russian insurance companies and succeeded in the Russian insurance industry because of brand name recognition. If this settlement is reach it will dwarf western settlements of this nature. Insurance is clearly a profitable business.

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