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    An insurer for an insurer // Rosgosstrakh may be headed by Georgy Gorshkov

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    According to Kommersant, Georgy Gorshkov, who has been working in the bank’s structures for a long time, is moving to Rosgosstrakh, which is part of the Otkritie group sold to VTB recently. In the future, according to Kommersant‘s sources, he can lead the company, whose leadership, unlike the top management of Otkrytie itself, still retains its seats. Experts believe that Mr. Gorshkov is involved as an anti-crisis manager to prepare the insurer for sale. However, market participants also allow the preservation of Rosgosstrakh with integration into the VTB group.

    The curator of the insurance business of the Otkritie group, Rosgosstrakh, from its new owner VTB (see Kommersant dated December 27 ) will be Georgy Gorshkov, sources told Kommersant in the market. He will come to the company for the time being to an “intermediate position,” one of Kommersant’s interlocutors clarified, and in the future he may head the insurer. According to him, this has already been announced to the management of Rosgosstrakh. VTB reported that on the integration of Rosgosstrakh “no decision has been made at the moment, all personnel changes will be announced additionally.” The insurer says that “they are not authorized to comment on the actions of shareholders.” Georgy Gorshkov declined to comment.

    VTB just recently completed a deal to buy Otkritie Bank from the Central Bank, at the same time receiving 100% of Rosgosstrakh. In Otkritie, the change of leadership took place almost instantly: on December 29, it was announced that seven members of the board, including the head of the bank, Mikhail Zadornov, would leave their posts on December 31. However, nothing is known about the fate of Rosgosstrakh’s management. The general director of the company was replaced quite recently: in July it was headed by operating director Maxim Shepelev. Gennady Galperin left his post after a three-year contract. No other reshuffles were reported.

    Georgy Gorshkov in 2007-2012 headed the retail business of VTB24, in 2016-2020 he was the first deputy president of Post -bank, was a member of the board of directors of VTB Insurance. In the last year and a half, he has been involved in the Pulse digital insurance project based on the Tyumen-Polis insurance company with the participation of VTB. According to the head of the Board of Directors of Top Contact Artur Shamilov, Mr. Gorshkov comes “as an anti-crisis manager from a new shareholder who will head the company, put things in order, deal with the team and strategy.”

    VTB now owns core assets only 45% of the shares of the same Puls (less than 1% market share) and 10% of the shares of SOGAZ. The bank sold VTB Insurance to SOGAZ back in 2018. According to Kommersant‘s sources, the deal with SOGAZ limits VTB’s actions in the insurance market, but the obligations expire in 2023. Rosgosstrakh” for themselves. This opinion is shared by the managing partner of FG Dmitry Donskoy Dmitry Kurbatsky: “Rosgosstrakh is an excellent asset for VTB, the company has an extensive agent network and a large client base. VTB products may be offered to the insurer’s clients.”

    But Mr. Shamilov considers the sale of Rosgosstrakh more likely. According to one of the interviewed experts, this is unlikely to happen quickly, because “today is not the best moment – the economic and financial sector conditions are unfavorable.” The interlocutor of Kommersant believes that the mission of Georgy Gorshkov “may be, among other things, related to reducing the binding of Rosgosstrakh to the Otkritie group in terms of client intersections and increasing the operational efficiency of the insurance division.”

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