IPJSC Ingosstrakh (Russian: СПАО «Ингосстра́х») is one of the major insurance companies of Russia, insurance public joint-stock company. Headquartered in Moscow, Russia. Ingosstrakh is the legal successor of the Chief Agency of Foreign Insurance of the USSR founded in 1947. In 1972 transformed to the stock company (100% government shares) and in 1992 it went private. The first subsidiary foreign companies were established in London in 1924 – Blackbalsea and in Hamburg in 1927. 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. More information...
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