Zurich makes Russian acquisition

ZURICH, Switzerland— Zurich Financial Services Group said Wednesday it has completed its acquisition of a 66% stake in OOO NASAT Insurance Co., a leading Russian personal lines insurer based in Moscow.

Zurich, which announced on Feb. 14 its agreement to buy a majority stake in NASAT, said it had received all necessary regulatory approvals.

The transaction gives Zurich the right to take over the entire company by 2010. Details of the deal were not disclosed.