UNITY RE PAID 0.7M USD MARINE CLAIM

Unity Re has paid 700 thousand USD to Societe de Courtage
Re for Azerbaijanian company AzRe Reinsurance under a significant
marine claim.

The pleasure yacht sailed from Absheron peninsula towards
Buzovna settlement. June 27, 2010 control of the ship was lost due to
the both engines breakdown. Thereafter, the yacht collided with pipes
located in the seabed at about 200 meters far from the sea cost.

The worsening of weather and strong sea heaving made a
absolutely impossible to salvage the yacht. The vessel was gradually
decomposed and completely destroyed.

The previous large claim was settled with Insurance company
Soglasie under its Marine treaty account in November, 2009. Unity
Re’s share in a damage to a vessel caused by grounding was 160
thousand USD.

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Last modifeid 01/01/1970 03:00:00 AM

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