Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
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...
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.,...
