Insurance Broker Remind (formerly Marsh - insurance brokers)

History

2024: Top managers of Insurance Broker Remind JSC bought out the company

On October 11, 2024, it became known that Insurance Broker Remind JSC (formerly Marsh - Insurance Brokers JSC, Marsh) completed the localization process. Russian business was bought by top managers.

According to Interfax, as part of the transaction, the company changed the name of the legal entity to Insurance Broker Remind JSC. Its only shareholder is BizOn Asset Management LLC, whose members are top managers of the broker. Andrei Denisov, General Director of Insurance Broker Remind JSC, said that as of mid-October 2024, the company had submitted documents for re-registration of the license to the Bank of Russia and expects re-registration within a month.

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Фото: BullRun/AdodeStock

We rebranded, completely switched to Russian software and continue to fully provide brokerage and consulting services to our clients, says Denisov.

It is noted that Insurance Broker Remind JSC has two subsidiaries with 100% participation - OV Consulting and Remind LLC. The latter specializes in supporting activities in the field of insurance and management consulting. In turn, "OV Consulting" previously operated as a consulting company Oliver Wyman. This legal entity has been a subsidiary of Marsh - Insurance Brokers JSC since its inception.

Insurance Broker Remind "will continue to provide services in accordance with the license of the Central Bank of the Russian Federation. The company deals with all types of corporate insurance in Russia. Denisov notes that an increasing role in the activities of the insurance broker "is played by business analytics, risk analysis and loss-making of insurance contracts, support for the settlement of insurance events, building a risk management system, digitalization of the insurance portfolio.[1]

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