OREANDA-NEWS. Ingosstrakh Insurance Company has renewed a number of nonmarine and aircraft outcoming reinsurance contracts from January 1, 2014.

The limits of the renewed contracts were as follows:

for property risks reinsurance, USD 225 m or EUR 150 m or RUB 6,75 bn;

for reinsurance of Construction all risks / Erection all risks, EUR 100 m or USD 150 m or RUB 4,5 bn;

for reinsurance of motor hull insurance portfolio for large-scale accidents, USD 30 m;

for reinsurance of military risks in aircraft hull insurance, USD 60 m for each insured object and a total of USD 270 m annually.

for reinsurance of military risks of aircraft owner's liability, USD 1 bn.

The leaders of the contracts are prominent foreign insurance and reinsurance companies (Aspen, SCOR, Sirius, Swiss Re), as well as Lloyd's (Markel) syndicate.

In the renewal of the reinsurance contracts, Ingosstrakh Insurance Company has managed to maintain, and, in some cases, improve the key characteristics of its reinsurance cover - high automatic limits, comprehensive risks coverage, and reliability of reinsurers, which is going to give the company a significant competitive edge in 2014.