Source Recently, only in Moscow there have been several fires at once with unprecedented damage. How can this situation end for insurance companies? Why large fires are frequent
In the summer, the flames turned the Ozon warehouse in Krasnogorsk near Moscow into ruins: the destroyed property was insured for 17 billion rubles. In December, the OBI construction hypermarket in Khimki burned out: insurance payments were estimated at 20-30 billion rubles. The fire left nothing behind the shopping center “StroyTrakt” in Balashikha: the damage was about 10 billion rubles.
All these unprecedented payments fell on the shoulders of insurance companies. While they are ready to fulfill their obligations, however, the frequency of fires makes them think about additional verification of each such case for the malicious intent of business owners. Indeed, in the midst of a crisis, it is easier to get large insurance than to run a sluggish business or bother with its sale.
– At present, the Russian insurance market is quite capable of covering the damage. We hope that due to the capacity of the market itself and the assistance of the state reinsurance company, there will be no problems with the settlement, – hopes the president of the All-Russian Union of Insurers Evgeny Ufimtsev. radiated optimism.
– In fact, there is no certainty that insurers will not flinch, cover the multibillion-dollar damage to retailers! And if there are a few more such fires, then, in general, a collapse can happen! — the interlocutor admitted.
To understand the current state of the insurance industry, you can use the example of a major player – Rosgosstrakh.
Why the flagship of the insurance market is in a fever
Last year, Rosgosstrakh celebrated its centenary. The flagship of the industry approached the anniversary not in the best condition. In 2001-2017, the insurer was owned and operated by oligarch Danil Khachaturov. The richer he became, the worse things went for his company. According to the results of 2015, the loss amounted to minus 5 billion rubles, in 2016 – minus 33 billion, in 2017 – minus 56 billion. Khachaturov decided to sell the sinking ship. The deal was planned to be cashless: the insurance company is transferred to Otkritie Bank, in return Khachaturov receives an eight percent stake in Otkritie itself. But things didn't go according to plan.
The bank began to absorb Rosgosstrakh, but just a few days later it went bankrupt. The Central Bank had to sanitize both the bank and the insurer it absorbed. To keep the flagship of the industry from falling apart, 100 billion rubles of taxpayers' money were poured into it. Khachaturov's brother Sergei, he was vice president at Rosgosstrakh, was arrested. He is charged with embezzlement of 8 billion rubles. The rest of the leadership, of which Danil Khachaturov himself was then a part, was suspected of withdrawing another 26.5 billion rubles from the insurance flagship. While the investigation was underway, Danil emigrated to the United States, where he bought a mansion in Beverly Hills overlooking the Hollywood hills for $35 million.
In 2019, Gennady Galperin was appointed to save Rosgosstrakh. He became the new CEO. This was his second entry into the insurance company. From 2002 to 2008, he worked there as an executive vice president, being, in fact, the right hand of Danil Khachaturov.
Gennady Galperin and his team have a controversial reputation. Between two visits to Rosgosstrakh, he and his managers managed VTB Insurance – and a scandal broke out. A criminal case was initiated against Galperin's deputy, Oleg Merkulov, who was accused of stealing 1.1 billion rubles. However, in the end, the court dropped the charges against Merkulov.
In the summer of 2022, it turned out that Galperin's team had not been able to stabilize the situation at Rosgosstrakh.
“The company showed a minus in the first half of the year,” said Mikhail Zadornov, head of the Otkritie bank. According to him, the financial indicators of Rosgosstrakh continue to fall. Thus, net profit in the first half of 2021 decreased by nine times compared to January-June 2020, from 6.3 billion rubles to 663.9 million rubles. And now, in general, a loss.
Neither with Galperin, nor with his team, labor contracts were extended. They had to leave Rosgosstrakh.
— Their dismissal is connected not only with poor results, but also with the preparation of a deal to sell the parent Bank Otkritie to the VTB group, where a trail of dubious cases, – suggested the interlocutor of Life, who knows the situation from the inside.
It is no longer a secret that VTB is preparing for the New Year to acquire 100% of the assets of Otkritie from the Central Bank, including subsidiaries – Rosgosstrakh and Rosgosstrakh Zhizn. The amount of the transaction is estimated at 340 billion rubles.
How the family of the ex-head of Rosgosstrakh lives
The ex-general director of Rosgosstrakh, Gennady Galperin, lives luxuriously. His passport address is a three-ruble note worth up to 40 million rubles in the Last Lane. We are talking about a restored pre-revolutionary mansion in the very center of Moscow near the boulevard ring. There is security, the yard is fenced, the front door is decorated with picturesque panels.
But Galperin's actual address is different. He occupies an apartment with an area of 148 “squares” and a price of about 150 million rubles in the premium-class residential complex “Four Suns” near Sadovnicheskaya Embankment. The complex boasts neoclassical architecture, panoramic windows, designer decoration of the lobby area, 24-hour concierges and a 2-hectare private area with walking alleys, a fountain and gazebos.
Galperin's wife received 17 acres of land, on which a house with an area of 380 square meters is located, in the prestigious village of Deauville. All mansions are designed in elegant Norman style with openwork patterns based on sketches by French architects at the turn of the 19th and 20th centuries. On the territory there is a large lake, a pier and several outdoor pools. The probable mansion of the Galperin family will cost a quarter of a billion rubles.
Fines from the traffic police to Galperin's wife come to the address of a four-room apartment in a solid brick brezhnevka on Donskaya Street. The location is advantageous: the Neskuchny Garden and the Alexandrinsky Palace are across the road. The price is about 25 million rubles. And Galperina drives a Mercedes GLE SUV at a price of up to 8 million rubles.
Galperin's 29-year-old son lives in the United States with Victoria Shapiro from Kiev – she can be called a Ukrainian nationalist and a fan of the Russophobic poetess Lina Kostenko. Young people met when they studied at the City University of New York. They used to rent an apartment in Manhattan on 112th Street in a historic building. The rent cost them about $5,000 a month.
The couple recently moved to Boston, where they rented an apartment for up to $11,000 a month in the luxurious Hub50House.
“Our residents enjoy luxurious apartments with panoramic city and harbor views. The house has grill cabins, an outdoor swimming pool and fire pits on the roof. There is a year-round covered outdoor lawn with a play area and a pet spa. Each apartment has Italian furniture and double bathrooms, realtors praise.
A certain Ekaterina Pechenkina from the California town of Sunnyvale is friends with Galperin's son on social networks. This girl supports Ukraine by placing her flag on her avatar. She is the daughter of Alexei Pechenkin, a former member of the Board of Rosgosstrakh, who retired at the same time as Galperin.
The Pechenkin family occupies a 207-square-meter penthouse worth over 100 million rubles in the Triumph Palace skyscraper. This is a pompous palace near Chapaevsky Park in Moscow. The facade is finished with ceramic tiles and natural stone, the inter-apartment halls are marble.
The Pechenkins also have a kopeck piece, worth about 40 million rubles, in a stalin on Berezhkovskaya embankment. The apartment offers views of the Moscow River, the Novodevichy Convent and the City. The building is after complete reconstruction with new communications and reinforced concrete ceilings.
Alexey Pechenkin registered 30 acres of land on which the mansion is located, in the Slavneft cottage partnership near Moscow. This is an elite chamber village built in the Dutch style, where top managers of the concern of the same name traditionally settled. Real estate associated with Alexei Pechenkin costs up to 130 million rubles. It should be noted that when Pechenkin worked at Slavneft at the beginning of the 2000s, Danil Khachaturov also worked there as a senior vice president.
Pechenkin's Ukraine-supporting daughter is married to an American. They lived in San Diego and Washington, and now settle in a townhouse in Sunnyvale. Its price is about up to $4 million.
How assets were withdrawn from Rosgosstrakh
At the beginning of the year, the Tverskoy Court of Moscow arrested Daur, who was on the international wanted list, in absentia Dzhenia, ex-head of the Capital Re company, which was part of the Rosgosstrakh perimeter under Danil Khachaturov.
Daur Jenia is suspected of abuse of power. According to the security forces, as a result of his manipulations, Rosgosstrakh lost a liquid asset – a large medical company Medis, which serves clients, including as part of the compulsory medical insurance program. These are 13 polyclinics, 159 health centers, 3 sanatoriums and one and a half thousand doctors. The asset went entirely to the structures of Danil Khachaturov's closest friend, CSKA President Evgeny Giner. The damage is estimated at over a billion rubles.
Investigators believe that Jenia followed the instructions of his superiors. By the way, compared to his bosses, he is not rich. He only has a kopeck piece in a stalinka on the Garden Ring. This will cost up to 30 million rubles.
It seems that the litigation with another company of Yevgeny Giner, Capital Life, which has been using Rosgosstrakh trademarks for a long time, has been put to an end. FAS recognized this agreement as anti-competitive. The damage is estimated at 150 billion rubles.
When Danil Khachaturov flew away to the United States, it was revealed that all the real estate of Rosgosstrakh does not belong to the insurance giant itself (it is only a tenant), but to the firms RGS Real Estate and Legion Development. Threads from them stretched to the Cypriot offshores. As if on cue, both of these companies began to go bankrupt at the same time. According to experts, this was another attempt by Khachaturov to save his wealth. The assumption is supported by facts. So, at the end of 2019, the court canceled the sale of 15 buildings. The Hotel Service company, which belongs through offshore companies, to the same Danil Khachaturov, wanted to buy them from RGS Real Estate for a pittance. . So, for 805 million rubles, the President business center on Ushakovskaya embankment in St. Petersburg has already been sold. Right now, the architectural monument “Country cottage of the architect Malakhov” in Yekaterinburg is looking for a buyer. The price is 55 million rubles.
All these scams and machinations in Rosgosstrakh can lead to the fact that another major fire or man-made disaster will simply bring down the company, and other market participants will collapse after that.