Zurich Financial Services Group has announced that OOO NASTA Insurance Company will operate under the global Zurich brand and the name Zurich Retail Insurance Company.

The new step is in line with Zurich’s global ‘one brand, one Zurich’ strategy. Zurich had acquired a majority stake in NASTA in February 2007 with an agreed path to 100% ownership by 2010.

The company has already started to operate under the legal entity name of Zurich Retail Insurance Company earlier December, 2007. The rebranding and renaming is a strong signal of Zurich’s commitment to this operation and the Russian market.

Garry Delba, CEO of Zurich Retail Insurance Company, said: Operating under the global brand name of Zurich gives us more opportunities and sets new standards for our business and our customers. I’m delighted that we can make this happen and look forward to realizing the full profitable growth benefits it will bring.