OREANDA-NEWS. January 20, 2010. Ingosstrakh OJSIC renewed the professional liability insurance contract with Malakut Insurance Brokers CJSC for 2010. The insured amount is 10 million euros. Insurance coverage applies also to the subsidiary Malakut Constellation, established in 2008.

Ingosstrakh OJSIC has been the insurer of Malakut since 2004.’We are happy to continue our cooperation, comments Nikolay Galushin, the insurance company's Deputy General Director. – Unfortunately, unlike international practice, in Russia professional liability insurance for insurance brokers is not compulsory. For this reason, we can only welcome the broker's decision to insure its liability to clients, thus giving them additional guarantees.’