OREANDA-NEWS. National Rating Agency has affirmed its 'BBB' reliability rating on ROSENERGO National Insurance Group LLC (ROSENERGO NIG). The company's reliability benefits from its 20 years' experience in the insurance market, improved market position, adequate geographic diversification and low combined ratio.

These strengths are partially offset by the reduction of ROSENERGO NIG's authorized capital to e480 million from e1.88 billion, some structural deterioration in its insurance portfolio (with obligatory motor third-party liability accounting for 68% of total premiums written), as well as its investment portfolio's inadequate quality, liquidity and yield. NRA view the sharp increase in the premiums written (up 78% on 2013) as a factor heightening the company's operational