OREANDA-NEWS. January 17, 2012. Beginning from 01/01/2012, Ingosstrakh Insurance Company renewed a number of outward reinsurance contracts. The limits of the contracts are as follows: 

Reinsurance of property risks – USD 225 million or EUR 150 million, or RUB 6.75 billion;

The limit of the contracts for reinsurance of construction risks increased from EUR 75 to 100 million;

Reinsurance of motor hull portfolio for accidents – USD 25 million;

Shipowner's liability reinsurance (P & I) – USD 500 million;

The limit of cargo reinsurance increased from USD 200 to 225 million;

Reinsurance of "military" risks of aircraft liability – USD 900 million;

Reinsurance of vessels motor hull – USD 50 million;

Reinsurance of "military" risks of aircraft motor hull insurance - USD 60 million for each object of insurance and USD 270 million in aggregate per year.

The leaders of the renewed contracts of Ingosstrakh Insurance Company are the leading foreign colleagues and reinsurance companies: Arch Insurance, Aspen, Munich Re, SCOR, Sirius, Swiss Re, as well as syndicates Lloyd’s (O’Farrell, Markel).

In the process of reinsurance contracts renewal Ingosstrakh Insurance Company managed to maintain and in some cases to improve the key indicators of its reinsurance protection: high automatic limits, broad coverage of risks, reinsurers’ reliability that will provide the Company with a competitive edge in 2012.