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Russia: SOGAZ Insurance to keep ownership of insurer Transneft

March 18, 2014 - 6:11am


Russia-based SOGAZ Insurance Group's deputy chairman Nikolay Galushin has said Russian insurance company PJSC Transneft will continue to be part of SOGAZ, Forinsurer reports.

Mr. Galushin said Transneft's premiums totaled 10 billion Russian rubles ($303.7 million) in 2013.

SOGAZ completed the takeover of Transneft in November 2013, with the transaction value totaling RUB 9.4 billion ($285 million).

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