Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
The Courage to Compete
May 21 2007 // In 1968 when the Maurice “Hank” Greenberg took over what was to become American International Group (AIG), it was an insurance agency selling other insurers’ policies around the globe. Within years, AIG...
Business Moves
May 7 2007 // Aviva The U.K.-based Aviva Group announced plans to expand in Russia. One year ago, the company launched Aviva Russia, and it is now poised to enter the direct sales market with its Moscow-based direct sales force. The...
Aviva Targets Russian Expansion
Apr 20 2007 // The UK-based Aviva Group has announced expansion plans for the Russian market, aimed at achieving “a top five position within five years.” A year ago it launched Aviva Russia, which the bulletin indicated,...
Business Moves
Mar 12 2007 // MarketScout, Chicago MarketScout Corp., a Dallas, Texas-based eInsurance Exchange specializing in the distribution of property and casualty insurance products, opened a Chicago location to facilitate its growth in the...
Stolen painting found in Spielberg’s home
Mar 12 2007 // Agents with the Federal Bureau of Investigation’s Art Crime Team (ACT) have located an original Norman Rockwell painting, “Russian Schoolroom,” stolen during a burglary in Clayton, Mo., in 1973. It was...
FBI Finds Stolen Norman Rockwell Painting in Spielberg’s Home
Mar 6 2007 // Agents with the Federal Bureau of Investigation’s Art Crime Team (ACT) have located an original Norman Rockwell painting, Russian Schoolroom, stolen during a late night burglary in Clayton, Missouri in 1973. It was...
Allianz and Sistema Sign Purchase Agreement for Russia’s ROSNO
Feb 21 2007 // Spain’s Sistema and Germany’s Allianz have signed a share purchase agreement, whereby Allianz becomes the major shareholder of one of Russia largest insurers ROSNO Group. In a bulletin on its web site...
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....
