Baring Vostok believes that financial services are likely to continue to be one of the region’s most rapidly growing sectors, as its banking sector matures and penetration of other financial products increases towards the levels of more developed economies. Since 1994, Baring Vostok funds have invested over $750 million in 11 banks and financial services companies in Russia and Kazakhstan.
The Renaissance Insurance Group

The Renaissance Insurance Group

Nationwide insurance company offering complex business and customer tailored solutions for individual clients
Location:
Moscow, Russia
Year of initial investments:
2017
Shareholding:
minority stake

The Renaissance Insurance Group is a nationwide insurance company offering complex business and customer tailored solutions for individual clients. The Company was founded in 1997 by the Sputnik Group investment company. According to statistics of Bank of Russia, the company is rated within TOP-10 Russian largest universal insurers based on Written Premium.

Transaction involved companies also include Insurance Company Renaissance Life, Intouch insurance, Insurance Company Blagosostoyaniye, NPF Blagosostoyaniye MNC, Management Company Sputnik — Capital Management and MedCorp medical company.

Other projects

News

26 March 2018

Papa John's restaurant chain attracts new investors.

PJ Western, master-franchisee of Papa John's international in Russia, the CIS and Central Europe, announces a deal with the Baring Vostok investment fund to increase its total number of restaurants to 450 by December 2020.
09 February 2018

Tinkoff Bank opens development hub at Skolkovo.

Tinkoff Bank announces the opening of a development hub at the Skolkovo innovation centre. Its team will focus on delivering new business solutions based on blockchain, as well as voice and face recognition technologies.
17 July 2012

Expobank switches over to a new technological platform.

Expobank and Center of Financial Technologies Group of Companies have successfully completed the first stage of a large-scale project of transferring the full scope of IT service functions to outsourcing. One of the key project stages has been finished – substitution of the bank’s existing corebanking system with CFT-Bank information complex placed in the facilities of CFT data center.