Reinsurance

EXCESS OF LOSS REINSURANCE TREATY
PROPERTY AND ENGINEERING RISKS PORTFOLIO 2019

Limit of the Treaty: 300.000.000 RUR (PML basis)

Primary: 20.000.000 RUR

Covered classes of business:

  • The contract applies to losses arising from insurances, co-insurances, including facultative reinsurances, written by the Reinsured;
  • Construction All Risks (CAR) and Erection All Risks (EAR) insurances including Third Party Liability;
  • Construction Plant and Machinery, Construction Plant and Equipment;
  • Machinery Breakdown and Business Interruption following hereon;
  • Commercial and Industrial risks classified as Property as well as Private Property covering FLEXA and Extended Coverage including Natural Perils and Business Interruption resulting from the perils covered, if written in conjunction with property;
  • Commercial and Industrial All risks property policies and Business Interruption following hereon;
  • Debris removal expenses can be covered hereunder up to the maximum of 10% of total Sum Insured.

Territory: Countries of the former USSR, as well as interests of Russian companies abroad excluding USA and Canada.

Reinsurers: 90% Gen Re, 10% Russian National Reinsurance Company.

Period: Losses occurring from 01 March, 2020 till 28 February,2021.

EXCESS OF LOSS TREATY 

CARGO PORTFOLIO 2019

Limit of the Treaty: 300.000.000 RUR

Primary: 20.000.000 RUR

Covered classes of business:

  • The contract applies to losses arising from insurances, co-insurances, including facultative reinsurances, written by the Reinsured in the classes.
  • Marine risks on ocean cargo and/or air cargo and/or inland transports including including cash in transit, fine art, specie and exhibition risks (include losses from war, civil war, strikes, riot and civil commotion).

Territory: Worldwide. 

Reinsurers: 90% Gen Re, 10% Russian National Reinsurance Company. 

Period: Losses occurring from 01 March, 2020 till 28 February,2021.


Modified 03.03.2020