12.08.2016, 07:43
SOGAZ to Provide $100m D&O Coverage for ALROSA
OREANDA-NEWS. SOGAZ Insurance Group will insure liability of the Supervisory Board and Management Board members of ALROSA JSC (Public Joint-Stock Company). The contract will be made for three years, with the annual sum insured of $100 million.
The insurance contract was approved by the recent annual general meeting of shareholders of ALROSA JSC. The coverage will be in place from August 2016 to July 2019 and will extend to cover damages to third parties as a result of errors or unintended acts of the insured officers committed as part of their managerial activities.
Bids, as part of the respective public tender, were provided by two insurance companies.
ALROSA Group is the world's leader in diamond mining. According to the 2015 data, its share was more than 25% of the global diamond production, and 97% of the Russian production. In 2015, ALROSA Group companies produced 38.3 million carats.
The insurance contract was approved by the recent annual general meeting of shareholders of ALROSA JSC. The coverage will be in place from August 2016 to July 2019 and will extend to cover damages to third parties as a result of errors or unintended acts of the insured officers committed as part of their managerial activities.
Bids, as part of the respective public tender, were provided by two insurance companies.
ALROSA Group is the world's leader in diamond mining. According to the 2015 data, its share was more than 25% of the global diamond production, and 97% of the Russian production. In 2015, ALROSA Group companies produced 38.3 million carats.
Комментарии