OREANDA-NEWS. February 11, 2009. ROSNO’s Reinsurance Department has renewed the reinsurance contract covering maritime hull, cargo transportation and rolling stock risks. The aggregate capacity of the combined obligatory excess-of-loss reinsurance contract is 7.5 million US dollars, reported the press-centre of ROSNO.

According to the terms of the renewed reinsurance contract, the following risks are covered:

Maritime hull risks of ocean, sea and river vessels (loss of, or damage to, the insured vessel), including vessels under construction;

Risks associated with cargo carriage by sea, river, air and ground transport;

Hull risks of railway rolling stock and traction equipment.

The renewed contract contemplates reinsurance coverage in accordance with the relevant clauses of the Institute of London Underwriters, which constitute international regulations in this type of insurance, thus fully meeting ROSNO’s business requirements.

The contractual reinsurers are the leaders of the international reinsurance market, Allianz SE and R+V Versicherung AG, enabling maximum reliability of obligatory protection.