A Memorandum on Strategic Partnership between State Company Russian Highways (Avtodor) and SOGAZ Insurance Group was signed in Moscow on Wednesday, 8 June 2011, by Sergey Kostin, Chairman of Avtodor’s Management Board, and Sergey Ivanov, Chairman of SOGAZ’s Management Board.
SOGAZ Insurance Group has won an open tender for the right to insure liability of members of the Board of Directors and officials of OJSC Rostelecom with a total coverage of USD 250 million under a one-year insurance policy.
In the first quarter of 2011 the insurance companies within SOGAZ Insurance Group collected a total of RUB 39.01 billion, a 16% growth year-on-year, with the total amount of insurance indemnity growing by 28% to RUB 18.52 billion.
The Saint-Petersburg branch of SOGAZ Insurance Group has insured construction and installation risks of CJSC ROSENGINEERING (Saint-Petersburg), a company participating in the erection of Sochi Olympic facilities.
Orenburg Branch of SOGAZ Insurance Group has insured Orenburg Drilling Company, which has been contracted to construct (drill) the Shakhrinav-1p exploration well at the Sarikamysh Block, Republic of Tajikistan.
On Tuesday, 5 April 2011, at the meeting of the Board of Directors of OJSC SOGAZ, held in the office of OJSC Gazprom, a decision was made to appoint Sergey Ivanov Chairman of the Management Board.
According to statistics, in 2010 the total fees collected by insurance companies incorporated in Insurance Group SOGAZ (OJSC SOGAZ, LLC IC SOGAZ-Life, OJSC IC SOGAZ-Med, OJSC IC SOGAZ-Agro, OJSC IC SOGAZ-Sheksna, OJSC MIC Sheksna-M) amounted to RUB99.56 billion, which is an 18% growth year-on-year. The total amount of indemnities paid by the Group grew by 22% against 2009, to RUB73.47 billion.
A cooperation agreement between the Government of Khanty-Mansiysk Autonomous District-Yugra and SOGAZ Insurance Group was signed by Yugra Governor Natalia Komarova and Chairman of SOGAZ Insurance Group Management Board Vadim Yanov in Khanty-Mansiysk on 15 March, 2011.
SOGAZ Insurance Group has signed an insurance contract with LLC Gazflot, a subsidiary of LLC Gazprom engaged in offshore prospecting operations, infrastructure development at offshore oil and gas fields, product transportation by sea and other offshore operations.
SOGAZ Insurance Group has paid another portion of insurance indemnity in the amount of RUB 250 million for a 2009 accident at Novokuybyshevsk Refinery, a business of the Samara refinery group – part of Russia’s largest oil company, Rosneft.