Peril of the sea
Covered classes of business:
- marine hull insurance, vessels under construction, cargo, shipowner liability, loss of freight;
- cargo transportation (including Specie, transportation of cash, excise labels, Fine arts cultural values, nuclear goods, cargoes that are part of a construction project);
- exhibition risks (including displaying);
- oil in pipes;
- liability of ship repair facilities.
Limit (capacity) of reinsurance coverage: 100 mln eur.
Reinsurance of peril of the sea is organized under one of the largest obligatory reinsurance treaties in the Russian market with a limit of 100 mln eur. The reinsurance program covers a wide range of risks in this line of business, including the risks of marine hull insurance, shipowner's liability, shipbuilding risks, risks associated with the carriage of goods, including transportation of special cargo and art objects, etc. At least 95% of participants in the reinsurance program have a rating not lower than “A-” according to the scale of S&P GlobalRatings and A.M. Best. Munich Re. is the leader under the agreement. Reinsurance of peril of the sea is organized under one of the largest obligatory reinsurance treaties in the Russian market with a limit of 100 mln eur.