German carrier Sovag holds strategic review

Hamburg-headquartered (re)insurer Sovag is conducting a
strategic review of its operations and also looks set to secure an
imminent capital injection from its financial backers to support
its future plans.
Sovag decided to hold the review as it targets improved
operating performance after falling to losses.
The carrier is also looking to address ratings agency pressure
after AM Best downgraded the Russian-backed carrier's financial
strength rating to B+ (Good) in December and placed it under
rev