OREANDA-NEWS. Ingosstrakh Insurance Company branch in Sochi concluded property insurance agreement with Olympstroy State Corporation for the total of RUB 11 m.

Property insured were ice resurfacing machines under Olympia Mullenium brand intended for use at Big Ice Arena for ice hockey in Imereti Lowland of Sochi for the period of the 22nd Olympic and 11th Paralympic Winter Games 2014.

The machines were insured against fire, water damage, natural disaster, malicious actions by third parties, theft, robbery, running-down by land vehicles. The agreement is effective till 31 May 2014.

Olympstroy State Corporation is the state corporation for construction of Olympic facilities and development of the city of Sochi as mountain climate resort. It was incorporated based on the Federal Law FZ No.238 dated 30 October 2007. The corporation carries out management functions and coordinates designing and constructing of Olympic facilities in Sochi, organizes operation of facilities, conducts public tenders as well as keeps track of the progress of the Olympic facilities construction and associated events.

Ingosstrakh Insurance Company has been working on international and local markets since 1947. The company is a national leader by the total amount of insurance premium in voluntary insurance sector (other than life insurance).

Ingosstrakh Insurance Company is authorized to render all types of insurance services (in acc. with insurance company specialization) specified in cl. 32.9 of the Insurance Law of the Russian Federation, as well as reinsurance Services. The company is present in 251 cities, towns, and settlements of the RF. Branches and subsidiaries of the insurer work in foreign countries and in former USSR countries