OREANDA-NEWS. National Rating Agency has affirmed its individual financial strength rating on Rosgosstrakh PJSC. The outlook for the rating is Stable. Rosgosstrakh PJSC as a division of the Rosgosstrakh Group was assigned NRA’s first-time individual rating of ‘AAA’ in December 2010.

The rating affirmation reflects the company’s core subsidiary status in the Rosgosstrakh Group , its strong capitalization and very strong solvency margin. NRA also notes the company’s operational, legal and financial integration with Rosgosstrakh LLC.

On Dec. 31, 2015, a record was made in the Unified State Register of Legal Entities stating that Rosgosstrakh LLC had shut down its operations as a result of reorganization in the form of Rosgosstrakh LLC takeover by Rosgosstrakh PJSC and the latter becoming a universal legal successor of Rosgosstrakh LLC, taking on all of its rights and obligations. All deeds made by Rosgosstrakh LLC continue to be in force, but all of the company’s contractual obligations pass to Rosgosstrakh PJSC in full measure. Rosgosstrakh PJSC is to become Russia’s largest retail insurer after the reorganization completion.

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