OREANDA-NEWS. September 21, 2010. Eurasia has paid more than KZT4.6 million to one of the largest manufacturer of paint products in Russia - "Paint Tex", St. Petersburg, a subsidiary of Finnish group Tikkurila, reported the press-centre of Eurasia.

The fire, which occurred at the company's warehouse, damaged the warehouse and merchandise located therein. The total claim amounted to USD2,065,000.

Manufacturer is the largest producer of coatings in Europe. In Russia, Tikkurila has its subsidiaries: Colors of the TEKS, Tikkurila and Tikkurila Paints, have 23% market share.

Property interest of the manufacturer of paint products are reinsured in the Eurasia. As part of its share of responsibility Eurasia has paid Ltd. Paints Tex, an amount of 30,420,000.

The Paid-Up Share Capital of Eurasia Insurance Company is KZT31.122 bn. or 43.05% of the combined total share capital of insurance companies in Kazakhstan.

As of 01 August 2010, the assets of Eurasia reached KZT59.712 billion, capital amounted to KZT36.186 bn., a 7.7% over the previous year. During this period, the company paid insurance/reinsurance claims totaling KZT1.227 billion.

Eurasia Insurance Company was founded in 1995 and participates in the reinsurance of risks located in over 75 countries worldwide.

On 25 March 2010, the international rating agency AM Best reaffirmed Eurasia Insurance Company’s financial strength ratings on the level ‘B++’ and credit rating of ‘bbb’, with a stable outlook. This rating from A.M. Best is the highest among the CIS countries, Central and Eastern Europe.

On 22 July 2010, the international rating agency Standard & Poor's upgraded the long-term counterparty credit ratings and financial stability of Eurasia Insurance Company at the level "BB-". The outlook on the ratings is "stable". At the same time, the rating of Eurasia on a national scale has been confirmed at the level "kzA-". Standard & Poor’s included Eurasia Insurance Company amongst the 150 largest reinsurers of the world, ranking it 131st.

Today, Eurasia has the highest rating of Standard & Poor's among all private financial institutions in the Republic of Kazakhstan.