The insurance company INGOSSTRAKH has renewed its program of outward reinsurance of technical risks for 2022 with a capacity of EUR 125 million, the insurer said in a statement.

"The program has a wide coverage that covers construction and installation risks, construction equipment, breakdowns of machinery and equipment, including breakdowns of electronic equipment, refrigeration equipment, as well as loss of profit due to breakdowns of machines and other risks", explained the director Reinsurance Department of INGOSSTRAKH Igor ALEKSEEV.

It is noted that the leader of the program is XL Re Europe SE, which has an AA- rating according to the international rating agency S&P Global Ratings.