© ФОТО MILANA19 - ИЗ СВОЕГО АРХИВА
A year later , they bought the rest of the 13 % stake still owned by the Russian Government . Supported by his partners , Khachaturov had transformed the formerly state-run dinosaur of a company into an insurance industry-leading powerhouse with a US $ 3.4bn annual profit . commonly known as RGS or RGS Group .
The group paid just over US $ 60mn in the transaction — mere pennies considering the potential .
By 2006 , Rosgosstrakh was Russia ' s largest insurance company . It had US $ 1.528tn in premiums — and in 2007 and 2008 , guided by Khachaturov , the partners opted to add the insurance company arm of the IFD Kapital Financial Group , consisting of Kapital Insurance , Kapital Reinsurance , Kapital Health Insurance , and Kapital Life Insurance to Rosgosstrakh ’ s assets .
Russia ’ s biggest insurance company Currently , Khachaturov is the Chairman of Rosgosstrakh , which is considered to be Russia ’ s largest insurance company boasting more than 25 million private and 250,000 corporate clients from all over the country , 3,000 regional offices , and 400 claim centres . It also provides insurance products from car insurance to insurance of domestic animals and even spacecraft .
Today , Khachaturov ’ s reputation as the wealthiest insurance tycoon in Russia is well-established . But he also recently hit the headlines following the purchase of a mansion in the most exclusive part of Beverly Hills which set him back US $ 35mn . The canny businessman had , however , been able to secure himself a discount of US $ 11mn off the original price . Despite this , it was still the largest ever recorded property transaction for the area . insurtechdigital . com 21