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AM Best praises Sovag performance.

Europe Intelligence Wire

| June 01, 2004 | COPYRIGHT 2004 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Lloyds List)

SOVAG, a top marine insurer specialising in risks related to Russia and neighbouring countries, is set for a bumper year in 2004, writes James Brewer.

The prediction comes from ratings agency AM Best, which has led it to affirm a financial strength rating of B++ (very good) for the company, which is formally known as Schwarzmeer und Ostsee Versicherungs-AG Sovag.

Sovag continued to capitalise on business opportunities such as ...

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