Sogaz


SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium and market share in 2016.
The company was formed in 1993 and has direct business in the Russia and Serbia. Insurance company SOGAZ as well have shares in many companies and own a number of insurers.
SOGAZ partners are leading worldwide reinsurance companies: Munich Re, Hannover Re, Partner Re, Swiss Re, SCOR, Lloyds of London, and others. SOGAZ - in accordance with national laws - is ceding 10% of total ceded risks under insurance contracts to Russian National Reinsurance Company.

Credit ratings

SOGAZ become the first Russian insurer assigned a long-term credit rating BBB+ in Russian and foreign currency with a "stable" outlook by Dagong Chinese Rating Agency. A.M. Best has affirmed for SOGAZ the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of "bbb" and revised the outlooks to stable from negative.

Acquisitions

SOGAZ carries out a consistent and active policy on the purchase of attractive insurance assets. The objects of such purchases are always captive insurers and insurance companies focused on corporate insurance, except VTB Insurance which had been a subsidiary of VTB Bank. SOGAZ acquired 7 notable companies in the Russian insurance market: