OREANDA-NEWS. On 20 February 2009 was announced, that Allianz Ukraine Insurance Company and Allianz SE signed two obligatory re-insurance agreements.

Under the first agreement, in 2009 Allianz SE shall provide obligatory re-insurance coverage under property and technical risks insurance agreements of Allianz Ukraine Ins.Co. with capacity of up to USD 60 million. It is three times as much as under the analogous agreement of 2008.

A Liability obligatory re-insurance agreement with capacity of USD 2 million was also signed.

“Partnership in the field of re-insurance with the company of such level as Allianz SE allows provide the highest degree of reliability of obligatory coverage. Increase of the obligatory capacity within the period of global financial unsteadiness guarantees performance of the company’s obligations to our customers”, - commented Denys Kochenkov, acting Insurance Director of Allianz Ukraine Ins.Co.