Latest Russia Headlines

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

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...

Best Assigns ‘B++’ Rating to Sovag

May 9 2003 // A.M. Best Co. announced that it has assigned a financial strength rating of B++ (Very Good) to SCHWARZMEER UND OSTSEE Versicherungs-Aktiengesellschaft SOVAG (Sovag) of Hamburg, Germany with a stable outlook.Although based...

S&P Reports Russia Ready for Insurance

Jul 23 2001 // The Russian insurance market appears ready for steady growth in the next five to 10 years according to a report by Standard & Poor’s.The announcement comes after last month’s upgrade of S&P’s...

Allianz To Buy 45% Stake In Russia’s Rosno

Jun 28 2001 // Germany’s Allianz continued its move into Eastern Europe with the announcement that it would acquire a 45 percent interest in Rosno, Russia’s third largest insurer, from its parent company AFK Sistema for an...

HOCUS POCUS

Sep 4 2000 // Magician David Copperfield filed a lawsuit against Fireman’s Fund Insurance on August 25 alleging that the insurer improperly denied a claim he filed seeking reimbursement of the $506,343 he spent to get equipment...

David Copperfield Sues Fireman’s Fund

Aug 29 2000 // Magician David Copperfield filed a lawsuit against Fireman’s Fund Insurance on August 25 alleging that the insurer improperly denied a claim he filed seeking reimbursement of the $506,343 he spent to get equipment...