Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Best’s London Briefing Highlights Challenges for Europe’s Insurers
Oct 20 2010 // “2011 will be another challenging year,” said Roger Sellek, the CEO of A.M. Best Europe – Rating Services Limited, at the rating agency’s annual review of the state of Europe’s insurance...
Lloyd’s CFO Comments on Lower Profits, Investments, Russia Office
Sep 29 2010 // As Lloyd’s published its first half results, Luke Savage, the chief financial officer, had a busy day on Tuesday. But he spoke briefly with Insurance Journal on some of the issues the report on the first half...
Lloyd’s Sees Record Claims, Continued Pricing Decline; Considers Russia Office
Sep 28 2010 // The Lloyd’s of London insurance market revealed that record claims from disasters including the Chilean earthquake and U.S. oil spill halved its profits, and said it saw no respite from a steady decline in...
Extreme Weather Seen Unlikely to Help Climate Talks
Aug 17 2010 // Extreme weather in 2010 will spur more strident calls for action to combat global warming but is unlikely to break a deadlock at U.N. climate talks about sharing the burden between rich and poor. Islamabad, for instance,...
Scientists Downplay Health Risks of Fires Near Chernobyl Nuclear Plant
Aug 15 2010 // Fears that fires scorching forests polluted by Chernobyl fallout may propel dangerous amounts of radioactivity into the air are overblown, scientists say, and the actual health risks are very small. Even firefighters...
Pakistan Floods, Russia Heat Fit Climate Trend, Scientists Say
Aug 10 2010 // Devastating floods in Pakistan and Russia’s heatwave match predictions of extremes caused by global warming even though it is impossible to blame mankind for single severe weather events, scientists say. This year is...
Russian Troops Dig Canal to Keep Fires from Nuclear Plant
Aug 9 2010 // Russian troops dug a 8-km (5-mile) long canal to keep fires caused by a record heatwave away from a nuclear arms site, local media said on Saturday as air pollution from the crisis rose to more than six times above...
Moscow Choked by Wildfire Smoke, Heatwave; Villages Burn; Planes Diverted
Aug 6 2010 // Dense clouds of acrid smoke from peat and forest fires choked Russia’s capital on Friday, seeping into homes and offices, diverting planes and prompting exhausted Muscovites to wear surgical masks to filter the foul...
Russia Declares Emergency as Wildfires Kill 40, Displace Thousands
Aug 3 2010 // Russia’s leaders declared a state of emergency on Monday in seven provinces and ordered authorities to guard weapons storage facilities from wildfires that have killed at least 40 people. Thousands more have lost...
July’s Catastrophes Cause Widespread Losses Globally: Aon Benfield
Aug 3 2010 // Floods in Pakistan and China have taken thousands of lives and damaged hundreds of thousands of homes, according to a new report on catastrophic events in July by a reinsurance team. A European heatwave, wildfires in...
Coface Receives Russian License; Aims to Be European Rating Agency
Jun 10 2010 // Credit insurer Coface announced from its Paris headquarters that the Russian state authority for insurance (FSSN) has granted a license to its subsidiary “ZAO Coface Rus Insurance Company” based in Moscow....
Pickering to Head Willis Russia, E. Europe, M.East, So. Africa Operations
May 27 2010 // Willis Group Holdings has appointed Scott Pickering as CEO, Russia, Eastern Europe, the Middle East and South Africa, effective immediately. He will be based in the Al Futtaim Willis office in Dubai and will report to...
Russia Releases Captured Tanker Pirates
May 7 2010 // Russia has released pirates who hijacked an oil tanker in the Gulf of Aden because there are no legal grounds to prosecute them in Moscow, a Defense Ministry official said on Friday. The decision reverses a plan to bring...
Somali Pirates Hijack China-bound Oil Tanker off of Yemen
May 5 2010 // Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It...
Legal Uncertainty, Prisoner Releases Making Piracy Problem Worse
Apr 9 2010 // Piracy off the coast of Somalia is getting worse, partly due to the legal limbo that has led some countries to release captured suspects, Russia’s U.N. envoy said this week. Over the past year and a half, the U.N....
Ratings Recap: AIA/AIAB, SOVAG, Coface, PhilNaRe, Generali Rueck
Mar 2 2010 // Standard & Poor’s Ratings Services has placed its ‘A+’ counterparty credit and financial strength ratings on American International Assurance Co. Ltd. (AIA) and American International Assurance Co....
Ratings Recap: Transsib Re, AmerInst
Dec 31 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘B-‘ (Fair) and the issuer credit rating of “bb-” of Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re), both with...
Ratings Recap: Cattolica, Ghana Re, Al Ittihad, Grafton, RCHL
Dec 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Italy’s Societa Cattolica di Assicurazione – Societa Cooperativa. Both...
Ratings: NIPPONKOA, Russian Re, Lemma, Lakeside Re, Inter Hanover
Dec 18 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit rating of “a” of Hong Kong-based NIPPONKOA Insurance Company (Asia) Limited, both with stable...
Negligence a Factor in Russian Power Plant Accident That Killed 75
Oct 5 2009 // Russia’s top industrial safety oversight official said Saturday that negligence was a major factor in a devastating accident at the country’s biggest hydroelectric power plant, and hinted that high-level...
