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Office 410, bld. 1, 23 Lesnaya str., Samara, Russia
32a Khoroshevskoe shosse, Moscow, 123007
Programs
Retrocession Program of Property Risks| REINSURED: | HANNOVER RE (Hannover, Germany, ÀÀ - (Standart&Poors). |
| TYPE: | Excess of loss per risk reinsurance treaty |
| PERIOD: | Losses occurring during the period of 12 months as from January 20, 2014 until January 19, 2015 both dates inclusive, local standard time at the place of Loss in respect of direct contracts and facultative reinsurance contracts |
| CLASS OF BUSINESS: | Section 1. Property risks in respect of the following Material Damage (including Removal of Debris) following Fire, Lightning, Explosion, Impact of manned aircraft or parts thereof, Water Damage, Natural Perils, Robbery, Burglary, Third Party Illegal Activity. Reinsured can use the capacity of this Contract on Loss Limit, First Loss as well as on a PML basis,subject to a survey report prepared by an approved surveyor Machinery Breakdown. Business Interruption, if written in conjunction with material damage Business Interruption, if written in conjunction with Machinery Breakdown Electronic Equipment Section 2. CAR/EAR risks including construction equipment and machinery, TPL elements and maintenance cover |
| TERRITORIAL SCOPE: | Russian Federation and FSU states |
| CAPACITY: | USD 5 000 000 |
| GENERAL EXCLUSIONS: | War, Civil War and Terrorism Exclusion Clause Nuclear Energy Risks Exclusion Clause Silica Exclusion Asbestos Exclusion Chemical, biological, bio-chemical, electromagnetic weapons Electronic & computer crime General third party liability Seepage, pollution, contamination, environmental risks Avian flu Punitive, compensatory damages Offshore risks Mining and/or underground risks Aviation and Space risks |
| ADDITIONAL RISKS COVERED: | Power generation plants could be included subject that the Leading Reinsurer to be informed within 7 working days upon such acceptance by way of sendinga copy of acceptance, but hydro power generation plants could be included only after special acceptance Transmission & distribution lines: this contract shall exclude losses in respect of overhead transmission and distribution lines and their supporting structure other than those that extend from the public highway to the insured premises and are the responsibility of the insured All energy risks (refineries, oil/gas drilling facilities, oil fields, pipelines, pump stations, etc) could be included subject to the speñial acceptance |
| PROPERTY EXCLUSIONS: | Fireworks, ammunition and explosives and chemicals, oil products & sub-products or gases Agriculture risks Information technology hazards exclusion clause Bankers blanket bonds (BBB)/ Dishonesty, Disappearance, Destruction (DDD) Jewellers, furs, cash in transit, cash, bonds (obligations), bullion Financial risks |
| ENGINEERING EXCLUSIONS: | Penalty clauses (guarantees of performance) Employers liability Exploitation and drilling of hydrocarbons Boiler and pressure vessel explosion insurance Deterioration of stock/ cold storage insurance Cable-laying (ocean-going) Prototypes, designer’s risks Third party liability of any kind unless written in conjunction with and forming part of contractors all risks/erection all risks Contractors all risks/Erection all risks policies with works/test period greater than 3 years and/or maintenance periods greater than 2 years Faulty design. |
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