RUSSIA: A.M. Best Assigns Credit Ratings to Ingosstrakh Insurance Company SPAO

A.M. Best has assigned a Financial Strength Rating of B+ (Good) and a Long-Term Issuer Credit Rating of "bbb-" to Ingosstrakh Insurance Company SPAO (Ingosstrakh) (Russia). The outlook assigned to these Credit Ratings (ratings) is stable.

The ratings of Ingosstrakh reflect its solid risk-adjusted capitalisation, strong business profile in Russia's insurance market and resilient performance track record. These positive rating factors are partially offset by elevated asset risk, driven by the heightened financial system risk in Russia, and generally challenging conditions in the local insurance market. Read the full story

Related articles

RNRC was registered in China as a foreign reinsurer

The Russian National Reinsurance Company (RNRC) has got the Chinese market watchdog's approval to operate as a foreign reinsurer on the China's specialty market, a company's official press release said.




61st "Rendez-Vous de Septembre" ends today in Monte Carlo: review

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers ends today in Monte Carlo. The Nat Cat insurance protection gap, as well as the global insurance market readiness to deal with the increasing complexity of the cyber risks were among the most debated topics.



MONTE CARLO: Live news from the "Rendez-Vous de Septembre"

The 61st edition of the "Rendez-Vous de Septembre", the annual traditional meeting of reinsurers has started yesterday in Monte Carlo. XPRIMM publications on the CEE, SEE and CIS insurance markets are available at the XPRIMM stand in Fairmont Hotel as well as at the other event's venues.


See all