Expert RA confirmed the rating of OJSC SOGAZ at A++ “Exceptionally high reliability”, forecast “Stable”.
Fitch Ratings has confirmed the rating of financial stability for OJSC SOGAZ at BB+. The company’s financial stability rating by the national scale has also beenconfirmed at AA(rus). The forecast on both ratings is Stable.
Total fees collected by SOGAZ Insurance Group companies for the period from January 2011 till September 2011 made up 94.02 billion rubles, which is a 20% increase year-on-year. Total amount of payments by the Group made up 62.26 billion rubles.
A meeting of top executives of the Russian and Chinese Nuclear Insurance Pools took place in Moscow.
SOGAZ Insurance Group will participate in the 10th International Aviation and Space Salon MAKS-2011, which will take place from 16 to 21 August on the territory of M.M. Gromov Flight and Research Institute located in Zhukovsky, Moscow Region. The joint booth of SOGAZ Group and Gazprombank will be located in Chalet G2-6.
The cumulative insurance fees collected by the companies of SOGAZ Group (OJSC SOGAZ, LLC IC SOGAZ-Life, OJSC IC SOGAZ-Med, LLC IC SOGAZ-AGRO, LLC IC SOGAZ-SHEKSNA, OJSC MIC Sheksna-M) based on the results of the first six months of 2011 equaled 65.64 bln rubles, which is a 19% growth year-on-year. The total volume of insurance payments made by the Group amounted to 41.80 bln rubles.
The rating increase is due to the continued improvement in capitalization and competitive position of OJSC SOGAZ in Russia.
SOGAZ Insurance Group has renewed its corporate program for the insurance of the main production assets of Russian companies and reinsurance of Ukrainian companies belonging to the EVRAZ Group, one of the world's largest vertically integrated steel companies.
On Thursday, June 16, 2011 OJSC SOGAZ held the Annual General Meeting of shareholders in Moscow.