OREANDA-NEWS. February 09, 2009. ROSNO’s Reinsurance Department has renewed the obligatory reinsurance coverage under the corporate property and technical risk insurance contracts for the year 2009. The capacity of the obligatory contract is 100,000,000 euro, reported the press-centre of ROSNO.

ROSNO’s obligatory coverage protects against the following types of risks:

1. Insurance coverage against the risk of material property damage by fire and associated risks ("all-risks" insurance).

A. Losses from production stoppage due to property damage by fire and associated risks.

B. Losses related to inland cargo transportation insured as an extension to the "all-risks" insurance.

2. Technical risk insurance: insurance coverage of machinery and equipment against breakage; insurance coverage of contractor’s equipment; insurance coverage of electronic equipment; insurance coverage of construction and assembly works; insurance coverage of third-party liability.

A. Losses from production stoppage due to breakage of machinery and equipment.

B. Lost profit and increased current costs due to breach of deadlines for commissioning of construction and assembly objects due to damage to the property insured under construction and assembly contracts.

The contractual risks are reinsured by the leaders of the international reinsurance market, including such companies as Allianz SE, Partner Re, Hannover Re and others, enabling maximum reliability of obligatory protection.

The contractual terms are unique for the Russian market, strengthening the company’s positions in this segment.