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Ingosstrakh

Ingosstrakh
Company typeJoint-stock company
IndustryInsurance
Founded1947
Headquarters
Moscow
,
Russia
Key people
Michail Volkov, CEO
Revenue$1.44 billion[1] (2018)
$105 million[1] (2018)
Total assets$2.57 billion[1] (2018)
Total equity$1.09 billion[1] (2018)
Websiteingos.ru

IPJSC Ingosstrakh (Russian: СПАО «Ингосстра́х») is one of the major insurance companies of Russia, as well as a public joint-stock company. Headquartered in Moscow, Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR, founded in 1947. In 1972, it transformed into a stock company with 100% government shares. It went private in 1992.

The first subsidiary foreign companies were established the Blackbaltsea (Russian: Блекбалси) in London in 1924[a] and the Black Sea-Baltic Insurance Joint Stock Company (SOVAG) or also transliterated as SOFAG (Russian: СОФАГ) (German: Die Schwarzmeer und Ostsee Versicherungs-Aktiengesellschaft, SOVAG) (Russian: Черноморско-Балтийское страховое акционерное общество SOFAG) in Hamburg on 7 July 1927.[5][6][b] In Hamburg, SOFAG's sphere of activity included Austria, Czechoslovakia, Poland, the Scandinavian states and countries bordering Russia.[5] In London, Blackbalsea covered the rest of the Europe.[5] General representative offices of Gosstrakh (Russian: Госстрах), and later Ingosstrakh, were opened in Harbin and Tehran.[5][c] Four representative offices of Ingosstrakh operate in the foreign countries – Azerbaijan, Kazakhstan, India and China. In 2007, PPF Beta Ltd, managed by the Czech group PPF Investments, became one of the owners of Ingosstrakh. In January 2007 the PPF Group together with the large global insurer Generali (Italy) created the holding company Generali PPF Holding to develop the insurance operations in the countries of Eastern and Central Europe. All PPF insurance assets in Russia were transferred to this holding, including a stake in Ingosstrakh. In January 2013, the insurance business was split between PPF and Generali, according to the terms of the transaction, the holding's share in Ingosstrakh was transferred to the Italian insurance group.

  1. ^ a b c d http://e-disclosure.ru/portal/files.aspx?id=119&type=3. {{cite web}}: Missing or empty |title= (help)
  2. ^ "ДУБОНОСОВ АНДРЕЙ ИЛЬИЧ 1900–1978" [DUBONOSOV ANDREY ILYICH 1900–1978]. АНО «Экономическая летопись» (ANO "Economic Chronicle") (letopis.org) (in Russian). 26 October 2017. Archived from the original on 26 October 2017. Retrieved 9 December 2023.
  3. ^ "Soviet and East European-owned banks in the West" (PDF). CIA. December 1975. Archived from the original (PDF) on 16 October 2023. Retrieved 9 December 2023. See pages 7 to 12 and Appendix B.
  4. ^ Paul W. Blackstock (1969). "Chapter 13 The Skoblin Case". The Secret Road to World War II Soviet Versus Western Intelligence 1921-1939 (PDF). Chicago: Quadrangle Books. ASIN B0006BZDJQ.
  5. ^ a b c d "Ингосстрах и история российского страхования" [Ingosstrakh and the history of Russian insurance]. Страхование сегодня (in Russian). 4 June 2001. Archived from the original on 8 December 2023. Retrieved 7 December 2023.
  6. ^ ИСТОРИЯ: советских и российских банков за границей. Воспоминания очевидцев Документы Том 1 [HISTORY: Soviet and Russian banks Abroad. Memories eyewitnesses Documentation Volume 1] (PDF) (in Russian). Moscow: АНО «Экономическая летопись России» (ANO "Economic chronicle of Russia") via VTB Bank (www.fa.ru). 2007. Archived from the original (PDF) on 14 November 2023. Retrieved 7 December 2023. See page 56.


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