January 28, 2014 - UIC prolonged the retrocession program of the obligatory reinsurance
Retrocession program of property risks placed (100%) in Hannover Re (rated AA-Standard & Poor's), effectiveperiod – from January 20, 2014 until January 19, 2015.The program provides protection of direct contracts and inward property reinsurance contracts of legal entities and individuals, electronic equipment, business interruption, construction risks, including third party liability during the construction works and post-warranty, as well as the risks of breakdowns machineryAdditionally covered property are: electric power stations, oil, gas and energy risks on land. Risks underwritten on the basis of PML (probable maximum loss) are also included into the cover.The liability limit is $ 5 million. Territorial scope - the Russian Federation and the FSU countries.