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Press Release

SOGAZ Signed Russia's Major Per-Risk Engineering Treaty

SOGAZ Insurance - a key member of SOGAZ Insurance Group - has renewed the per-risk Engineering Treaty. Its capacity is the largest in the Russian insurance market - 11,250,000,000 rubles.

 "The per-risk Engineering Treaty was signed for one year and provides a wide coverage in all lines of C&A insurance. It will make it possible to provide maximum coverage to key clients of SOGAZ Insurance and projects related to development of oil and gas fields, construction of infrastructure for the oil and gas industry, modernization of petrochemical plants and energy facilities, construction of gas pipelines and other projects," said Dmitry Talaev, Executive Director, Member of the Management Board, SOGAZ Insurance.

Parties to the contract are more than 20 leading international insurance and reinsurance companies. At least 88% of the total limit of coverage under the per-risk program is reinsured in companies with international financial strength rating of at least "A-" by Standard & Poor's and A.M. Best.

SOGAZ has been a leader in the market of construction and assembly insurance and the major reinsurer in Russia for years. According to the Central Bank of the Russian Federation, for 9 months of 2014, total premiums on contracts transferred to reinsurance exceeded 13.5 billion rubles.


2015-02-09

Please see SOGAZ Insurance Group company electronic office

Contacts:
Ekaterina Dvoynikova
Head of Public Relations
Public Insurance Group "SOGAZ"

Tel.: +7 (495) 739-21-40, ext. 28-66
Mob. tel.: +7 (916) 058-60-79; +7 (985) 191-62-34
E-mail: dvoynikovaeg@sogaz.ru

Pavel Prytkov
Tel.: +7 (495) 739-21-40, доб. 28-57
E-mail: prytkovpv@sogaz.ru

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