RUSSIA: A.M. Best affirms ratings of SOGAZ 17 June 2014

17 June 2014 —
 A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of "bbb" of OJSC INSURANCE COMPANY OF GAZ INDUSTRY SOGAZ (SOGAZ) (Russia). The outlook for both ratings is stable. SOGAZ is the ultimate parent of the SOGAZ Group, which provides a range of insurance and non-insurance related services.

The ratings of SOGAZ reflect its good consolidated risk-adjusted capitalisation, consistently strong operating results and robust competitive position as a commercial property insurer. A partly offsetting factor is SOGAZ's relatively high investment risk strategy.

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RUSSIA: A.M. Best affirms ratings of SOGAZ 17 June 2014
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