Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Ratings Recap: Starr Surplus, Wethaq, Unity Re, Ansvar
Oct 1 2009 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to Chicago-based Starr Surplus Lines Insurance Company, a wholly owned subsidiary of...
S&P Affirms Allianz Russia Ratings; Revises Outlook to Negative
Sep 8 2009 // Standard & Poor’s Ratings Services has revised its outlook on Allianz Insurance JSC (Allianz Russia) to negative from stable and affirmed its ‘BBB-‘ long-term counterparty credit and insurer...
Russia Must Enter WTO before Joint EU Deal Says Envoy
May 22 2009 // The European Union’s trade commissioner ruled out on Friday finalizing a strategic pact with Russia before it joins the World Trade Organization and warned Moscow against introducing new protectionist...
Credit Insurer Coface Downgrades 28 Countries, 19 on Negative Watch
Apr 10 2009 // Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial...
Russia: Global Warming to Cause Droughts, Floods
Feb 19 2009 // Russia will likely see more forest fires, droughts and floods in the coming century due to global warming, and policy makers need to prepare for large-scale change, scientists warned in a report released Wednesday. It also...
S&P Foresees ‘Tough Times’ for Russian Insurers In 2009-2010
Feb 4 2009 // A report from Standard & Poor’s Ratings Services entitled, “Tough Times Will Challenge Russian Insurers In 2009-2010”, published on its RatingsDirect web site, concludes that “Russia’s...
Business Moves
Nov 30 2008 // Arthur J. Gallagher The HR Group International insurance broker Arthur J. Gallagher & Co. reported it has acquired The HR Group, LLC of Brentwood, Tennessee. Terms of the transaction were not disclosed. The HR Group...
Business Moves
Nov 30 2008 // Brown & Brown, Conner Strong Florida- based Brown & Brown Inc. said it has agreed to acquire the small business insurance unit of Conner Strong Companies, Inc., which is headquartered in Cherry Hill, New Jersey....
Zurich Completes Russian Acquisition
Nov 21 2008 // Zurich Financial Services Group has announced the completion of the acquisition of a remaining 34 percent minority stake in Russia’s OOO NASTA Insurance Company, which was renamed Zurich Retail Insurance Ltd. at the...
ACE Europe Names Dmitriev Russia Manager
Oct 30 2008 // The ACE European Group has appointed Nikolay Dmitriev as Country Manager for its Russian operation, ACE Insurance Company CJSC. He replaces Andreas Wania who moved to the role of Regional Manager Central Eastern Europe,...
Ratings Roundup: Unity Re, Continental Re, Luen Fung Hang
Sep 4 2008 // Standard & Poor’s Ratings Services has assigned its ‘BB-‘ long-term counterparty credit and insurer financial strength ratings and its ‘ruAA-‘ Russian national scale rating to Russian...
Alliant Launches Political & Economic Risk Indices, Ratings on Bloomberg
Jul 23 2008 // Alliant Emerging Markets announced the expansion of its risk analytics and advisory services by launching a source of political and economic risk indices and ratings available to banks, investments banks, private equity,...
Ratings Recap: Guardian, Old Republic, Ingosstrakh, Cattolica, Caelus Re, Secura, Elwood
Jun 26 2008 // A.M. Best Co. has upgraded the issuer credit rating to “bbb+” from “bbb” and affirmed the financial strength rating of ‘B++’ (Good) of Guardian Insurance Company, Inc. of the U.S.,...
AXA to Buy 36.7 % Stake in Russia’s RESO
Dec 27 2007 // France’s AXA Group announced that it has reached an agreement with the shareholders of Russia’s second largest insurance agent network, Reso Garantia (RESO), to acquire a 36.7 percent stake in the company for a...
Despite Firefighting Prowess, the Russians Aren’t Coming
Dec 23 2007 // Global firefighter claims U.S. Forest Service stonewalls on Russian aid while U.S. wildfires burn While the Southeast’s largest wildfire in over a century was still smoldering in Georgia after burning 903 square...
Russian Insurer NASTA to Operate under Zurich Brand Name
Dec 20 2007 // Zurich Financial Services Group announced that OOO NASTA Insurance Company will operate under the global Zurich brand and the name Zurich Retail Insurance Company Ltd. in line with Zurich’s global “One brand,...
Best Upgrades Company Ratings after Country Risk Methodology Review
Dec 14 2007 // A.M. Best Co. announced that it has upgraded the ratings of a nember of companies -l isted below – following a review of the application of its country risk methodology within the rating process. Best explained that...
Ratings Recap: Russian Re, KAMP RE, Arab Group, NIPPONKOA (Asia), Tapiola
Dec 12 2007 // A.M. Best Co. has assigned a financial strength rating of ‘B+’ (Good) and an issuer credit rating of “bbb-” to Russian Reinsurance Company with a stable outlook. “The ratings reflect Russian...
Snapshot on Russia Insurance Issued by Research & Markets
Oct 29 2007 // Research and Markets announced the addition of “Snapshots Russia Insurance 2007” to their offering as part of the research firm’s “Snapdata” series. Snapdata’s Snapshots Russia Insurance...
Despite firefighting prowess, the Russians aren’t coming
Aug 6 2007 // Global firefighter claims U.S. Forest Service stonewalls on Russian aid while U.S. wildfires burn While the Southeast’s largest wildfire in over a century was still smoldering in Georgia after burning 903 square...
