Unity Re paid 70 000 000 RUB claim to VTB Insurance

At the end of March Unity Re Ltd. paid an intermediate payment to VTB as a settlement of a severe loss.

The claim was paid under a facultative reinsurance policy due to total loss of passenger ship «Sorrento». This loss occurred during its voyage near Spanish coast.  The ship caught fire and all passengers were evacuated, but the ship was severely damaged and cannot be repaired.

The claim amount payed by Unity Re was over 70 000 000 RUB.

In accordance with its ordinary course of business Unity Re remitted the reimbursement within several days after a receipt of necessary set of documents.

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

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