OREANDA-NEWS. On 20 July 2009 was announced, that Ingosstrakh had renewed the program of obligatory reinsurance of risks of accidents and diseases within the framework of comprehensive mortgage insurance. The contract was signed on the basis of loss excess with the priority of USD 1mln. As last year, the automatic risk protection provides coverage at two layers: USD 2mln on top of USD 1mln – for risk and /or event and USD 8mln on top of USD 3mln – only for event (catastrophic protection).

The obligatory program covers risks of injuries, temporary or permanent loss of ability, death in an accident and/or disease.

The leader of catastrophic settlement is Houston Casualty Company, which is rated at AA/Stable by S&P.