OREANDA-NEWS. August 27, 2013. IC Allianz renewed its programme of reinsurance against risks of terrorism and sabotage. The new obligatory reinsurance contract’s value limit is 3.38 billion roubles.

The contract stipulates cover pertaining corporate property and construction projects. Upon the integration of Russia-based Allianz companies in 2012, and due to further business growth, IC Allianz came up against a need to extend the reinsurance protection so the company doubled the size of last year’s contract of 1.626 billion roubles.

The reinsurance contract has been placed in the market of London through Allianz SE (AA S&P), the leader being Lloyd’s Pembroke syndicate (A+ S&P).