Sogaz
| File:SOGAZ logo eng.svg | |
| Company type | Joint-Stock Company |
|---|---|
| Industry | Insurance |
| Founded | October 25, 1993 in Moscow, Russia |
| Founder | Gazprom |
| Headquarters | Moscow , Russia |
Area served | Russia |
Key people | Anton Ustinov (CEO) |
| Revenue | 179,374,000,000 Russian ruble (2017)  |
| 39,376,000,000 Russian ruble (2017) | |
| 30,562,000,000 Russian ruble (2017) | |
| Total assets | 355,413,000,000 Russian ruble (2017) |
Number of employees | 12,200 |
| Subsidiaries | SOGAZ-Life, SOGAZ-Med, SOGAZ-MedService, SOGAZ a.d.o. Novi Sad, SOGAZ International Healthcare Center, SOGAZ-Finance, SOGAZ-Broker, Accept (REN TV), |
| Website | https://www.sogaz.ru/eng |
SOGAZ is a Russian insurance company. SOGAZ became the first in Russia by written premium (₽142.8 billion or US$ 2.3 billion) and market share (12.1%) in 2016.[1] The company was formed in 1993[2] and has direct business in the Russia and Serbia.[3] 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 (RNRC).[4]
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.[2] A.M. Best has affirmed for SOGAZ (Russia) the Financial Strength Rating of B++ (Good) and the Long-Term Issuer Credit Rating of "bbb" and revised the outlooks to stable from negative.[5]
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. SOGAZ acquired 5 notable companies in the Russian insurance market:
- Neftepolis (2005, formerly owned by Rosneft);
- Sheksna (2009, Severstal);
- Insurance company Transneft (2013, Transneft);
- Insurance company Alrosa (2014, Alrosa);
- ZHASO (2016, Russian Railways);
- Regiongarant (2017, Surgutex)[2].