Articles by Pavel Miledin

Car Insurance to Boost Sector by $2Bln

Moscow drivers would have to pay up to $130 per year in compulsory third-party car insurance, according to the Finance Ministry, which would swell the insurance market by an estimated $2 billion.

Deripaska Foiled Again as Share Emission Blocked

Aluminum and industrial tycoon Oleg Deripaska's plans to create a super insurance holding have been stymied once again by adversary Andrei Andreyev.

Deripaska Grabs Bank, Insurer

  • 05 October 01
  • Staff Writers
Siberian Aluminum chief Oleg Deripaska together with Sibneft chief Roman Abramovich has added to his empire by taking over Avtobank and leading insurer Ingosstrakh.

Sberbank Takes Pick of Insurers

Sberbank plans by the end of this month to select an insurance company to write a policy that covers the bank's regional buildings and its central office in Moscow.

Insurance Man Jailed For 'Legal' Tax Dodge

A regional court this week convicted the head of an insurance company for helping companies dodge taxes using a scheme that the judge himself acknowledged is legal.

Ingosstrakh Gets Regional Prize

In what critics say was a rigged tender, the Moscow region recently awarded local insurance giant Ingosstrakh the right to be the sole coordinator of its insurance program.

Ministry Orders Insurance Reform

The city government-owned Moscow Insurance Co. has been deflated by Anti-Monopoly Ministry orders to amend City Hall deals that gave the company an advantage over competitors.