Russian ACRA (Analytical Credit Rating Agency) acquired the European Rating Agency (ЕRА)

ACRA (Analytical Credit Rating Agency) acquired in April the European Rating Agency (ERA) based in Slovakia, according to announcement on the ACRA website, thus becoming its sole shareholder.

"ERA's acquisition by ACRA serves the purpose of strengthening ACRA's international presence and establishing its footprint on the European market. ACRA intends to boost ERA's existing franchise, sub-sovereign ratings, as well as to develop new expertise in sovereign and supranational ratings. ACRA specifically emphasizes that, in doing so, full compliance with European regulatory framework is its utmost priority," says Ekaterina TROFIMOVA, ACRA CEO.

Emil Hubinak, Chairman of the ЕRA Board of Directors, believes that "ACRA can fulfil ERA's mission and lead ERA to a bright future. ERA's mission is to provide the participants on the financial and capital market with financial and non-financial analyses and risk categorizations, enabling them to illustrate and standardize the risks of those transactions". ERA was established in 2001. In June 2012, ERA became a registered credit rating agency, following which ERA started to assign ratings for regulatory purposes.

Follow XPRIMM Publications on LinkedIn, for more data on the insurance and financial industry.

Share |

Related articles

RUSSIA: agro insurance in 1H2018 dropped by 36%

The agro insurance segment based on the Central Bank dropped by 36% to RUB 1.66 billion in the 1H 2018. The biggest contribution to the segment was made by agro insurance without state support (+2.8% to RUB 904.3 million), according to the National Association of Agriculture Insurers (NAAI).

2018-09-27

ON THE MOVE

Public insurers appoint Achim Bosch to reinsurer board

The supervisory bodies of Deutsche Ruckversicherung AG and the Association of German Public Insurers decided today, to appoint Achim Bosch (53) to the executive board of the two reinsurers, where he will be responsible for non-life reinsurance.

11.10.2018

TOP EVENT

Five new XPRIMM insurance reports to be launched in Baden Baden

Five new titles will be available this year on the XPRIMM Baden-Baden press stands opened in the Kurhaus Casino and in Baden Baden main locations, presenting the latest statistical data and comprehensive analysis for the CEE, SEE and CIS insurance markets.

11.10.2018

Croatian Insurance Days 2018 - Registration opened online

The 2018 edition of the "Croatian Insurance Days" will be held in Opatija, Croatia, on November 7-9, 2018. Organized by the Croatian Insurance Bureau, with the support of the Croatian Ministry of Finance, the conference will have, as usual, a rich and very informative program, also providing for extended networking opportunities.

11.10.2018

ICAR Forum 2018: Main conclusions

The 15th edition of ICAR - The International Catastrophic Risks Forum, taking place in Bucharest, Romania, on 9 October, touches issues of paramount concern.

09.10.2018

The 10th International Istanbul Insurance Conference started today

In emerging markets like Turkey, there can be a significant difference between insured and total insurable losses.
Focusing on closing the protection gap, the 10th International Istanbul Insurance Conference gathers in Istanbul, between the 4th and the 5th of October 2018, well-known speakers from Turkish and the global insurance & reinsurance markets.

04.10.2018

See all