OREANDA-NEWS. October 6, 2008. Director for marketing of OJSC “Transsiberian Reinsurance Corporation” Dmitriy Suetin participated in the seminar of the international credit rating agency “Standards & Poor’s” which was held in Moscow on 2 of October.

The event was devoted to the global changes in the World Financial System and their influence on financial markets of Russia and CIS countries. During the event the leading analysts of the rating agency detailed the problems of the sovereign ratings of Russia and CIS countries and state of Russian banking system.

Special report was devoted to relatively new subject – recovery ratings, concept bases of this product for Russia and CIS countries. Given the spread of World Financial Crisis this is a vital issue for Russia too, especially for the insurance companies, actively invested in Stock Exchange equity and insurance reserves capital.

OJSC “Transsiberian Re” has been cooperating with the international rating agencies since 2005. At the present moment the Corporation has Fitch rating of insurer’s financial strength BB- (international scale) and A+(rus) (national scale) and A.M. Best rating of insurer’s financial strength B- and credit rating bb-. 

“Transsiberian Re” is the only company on Russian insurance market which has international financial strength ratings and credit ratings of two international agencies: Fitch Ratings и A.M. Best.