Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Zurich Acquires Majority Stake in Russia’s NASTA
Feb 14 2007 // The Zurich Financial Services Group has signed an agreement for the purchase of a majority stake in OOO NASTA Insurance Company, headquartered in Moscow, Russia. “In combination with Zurich’s existing Russian...
Insurer for Orthodox Church in Texas Settles Abuse Claim
Dec 18 2006 // The insurance company for the Russian Orthodox Church Outside of Russia has settled a claim by a man who says he was abused as a teenager by monks at a monastery in Blanco, Texas. The settlement agreement, which included a...
Best Assigns ‘C++’, ‘b+’ Ratings to Russia’s Transsiberian Re
Dec 15 2006 // A.M. Best Co. has assigned a financial strength rating of “C++” (Marginal) and an issuer credit rating (ICR) of “b+” to Russia’s OJSC Transsiberian Reinsurance Corporation (Transsib Re) with a...
Zurich Establishes New Central/Eastern Europe Unit
Nov 27 2006 // Zurich Financial Services Group has established a new business unit, named Central and Eastern Europe (CEE), effective January 1, 2007. Zurich said it took the move to “better capitalize on the growth opportunities...
Weather Suspected in Russian Plane Crash
Aug 23 2006 // A Russian passenger jet crashed during a thunderstorm just minutes after sending a distress signal on Tuesday, killing all 170 people on board, including dozens of children. Emergency officials said preliminary information...
Report: U.S. Reaches World Trade Organization Deal with Russia
Jul 14 2006 // Russia’s finance minister said Russia and the United States had reached a deal on one of the key sticking points holding up an agreement on Russia’s accession to the World Trade Organization, and a final deal...
At least 120 Die in Russian Plane Crash
Jul 9 2006 // An Airbus 310 went out of control on landing at the Irkutsk airport early this morning, July 9 local time, crashing through a concrete wall into a building and then bursting into flames. At least 120 people are reported to...
S&P Raises Neftepolis Ratings to ‘B’
Mar 2 2006 // Standard & Poor’s Ratings Services announced that it has raised its long-term counterparty credit and insurer financial strength ratings on Russia-based insurer Neftepolis Insurance Co. LLC to “B”...
S&P Assigns Russia Reinsurer Ratings
Oct 27 2005 // Standard & Poor’s Ratings Services announced that it has assigned its “B+” long-term counterparty credit and insurer financial strength ratings to Russia-based reinsurer RESO-Re. S&P also...
S&P Places Russian Insurer on CreditWatch/Negative
May 20 2005 // Standard & Poor’s Ratings Services announced that it has placed its “B-” long-term counterparty credit and insurer financial strength ratings and its “ruBBB-” Russia national scale rating...
ACE P/C Operations Approved for Russia, Poland
Mar 25 2005 // The ACE Group of Companies announced that it has received regulatory approvals to commence property and casualty insurance operations in Poland and Russia. The U.K.’s Financial Services Authority (FSA) has...
Leave the Fraud on ‘Law and Order’
Feb 7 2005 // Okay, I admit it: I’m a “Law and Order” junkie. The long-running television show’s reruns are in heavy rotation on the TNT network and I think I’ve seen every ripped-from-the-headlines episode...
S&P Assigns ‘B’ Rating to Moscow Re
Jan 24 2005 // Standard & Poor’s Ratings Services announced that it has assigned its ‘B’ long-term counterparty credit and insurer financial strength ratings to Russia-based (re)insurer Moscow Reinsurance Co....
Still No Answers on Russian Plane Crashes
Aug 27 2004 // Russian authorities investigating the separate air disasters that occurred within minutes of one another on Tuesday night have so far failed to release any conclusions as to the cause(s) of the tragedy. Officially they are...
89 Reported Dead in Two Russian Plane Crashes
Aug 25 2004 // Two airliners operated by Russian companies crashed within minutes of one another late Tuesday night. All 89 persons on board the two jets, which had taken off from Moscow’s Domodedovo airport within 40 minutes of...
Coface Acquires SCOR’s Stake in Unistrat Insurance; To Start Russian Rating Service
Jun 9 2004 // Coface, the French export finance insurer, announced that it has purchased the 50 percent interest of French reinsurer SCOR in Unistrat Insurance, making it the sole owner of the company, which will be renamed Unistrat...
S&P Affirms Russia’s Country Ratings, “Despite Political Turmoil over Yukos Affair “
Nov 5 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘BB’ long-term foreign and ‘BB+’ long-term local currency sovereign credit ratings on the Russian Federation, as well...
S&P Rates Russian Insurer Neftepolis ‘B-‘
Oct 29 2003 // Standard & Poor’s Ratings Services announced that it has assigned its ‘B-‘ long-term counterparty credit and insurer financial strength ratings to Russian insurer oOo Strakhovaya Kompaniya...
Report Russia May Lower Entry Barriers for Insurers
Aug 19 2003 // A report from Dow Jones Newswires indicates that Russia’s Economic Ministry is seeking government backing to lower the existing barriers to entry for foreign companies in the country’s insurance market. Foreign...
AIG Member Cos. to Increase Investment Activity in Russia
Jul 30 2003 // American International Group Inc. announced the creation of a cooperative joint venture with the Interros Holding Company (Interros) of Moscow. The joint venture permits AIG companies and Interros to bring together their...
