UNITY RE PAID A 200 000 USD CLAIM TO AL-BUHAIRA NATIONAL INSURANCE COMPANY

Unity Re has settled a claim for the amount of over 200,000 USD under
the property facultative cover received from Al-Buhaira National
Insurance Compnay, UAE via Pioneer Insurance & Reinsurance Brokers,
India.

A loss incurred in September, 2012 when a significant fire damaged a
garment factory in Jebel Ali Free Zone, Dubai.

As usual, Unity Re paid the recovery within just several days upon
receiving a complete package of settlement documents from the broker.
Dmitry Garmash, Deputy CEO, Unity Re: «This settlement becomes one
of the largest paid by us to an international market. Earlier Unity Re paid
about 200,000 USD to Mapfre, Spain, for a property claim in Mexico; over
150,000 USD for losses due to heavy rains in Mongolia; and more than
400,000 USD for a state-wide earthquake loss in Indonesia. No doubt,
our fast and attentive performance within processing these claims was
highly appreciated by our international partners, and we do hope that
Unity Re’s quality of this kind would definitely help to
strengthen confidence and trust between foreign cedants and Unity Re
and Russian reinsurance market as a whole».

Back to list

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

Search

News subscription