OLMA Group has reached an agreement for the purchase of Zurich insurance group for RUB 1 billion, Zurich informed.
The transaction is expected to be completed in the third quarter of 2014.
According to the statement, the Russian unit of Zurich insurance group sold 1.2 million insurance policies in 2013. The company earned RUB 7.1 billion in insurance premiums.
OLMA Group operating in Russia since 1992 is one of the market leaders in the securities trading volume.