Today, Ingosstrakh is able to provide ship owners’ liability insurance in limits up to $500 mln. Thus it makes Ingosstrakh the only commercial company in P&I global market, which provides such limits without tonnage restrictions. Similar limits are provided by two other companies, out of 8 operating in the market.

Risks are ceded in Lloyd’s syndicates in London market, and in AIG, Allianz through Willis broker. Leader is the COF 1036 (Colin o’Farrel) syndicate, with which Ingosstrakh cooperates more than 5 years.

Ship owners, buying liability limit at $500 mln, gain full range of advantages, such as enter to the wider market of first-class freighterers.

Sergey Trubitsin, Head of Department for P&I insurance, told that Ingosstrakh is the first among insurers to enter market of commercial liability insurance and today occupies the second place in this global market in amount of the insured ships and tonnage (after British Marine). Also, Ingosstrakh – one of the several insurance companies in the world, which offer ship owners all classes of marine insurance: hull, P&I, Freight, Demurrage and Defence, and freighters liability insurance. In distinction from mutuals, Ingosstrakh is the commercial insurer, which does not envisage unpredictable supplementary and release fees for ship owners, and premium rate is established individually, taking into account client’s insurance history results.

Ingosstrakh provides marine and P&I insurance for 33 years. Today, number of ships, covered by hull and P&I policies, amount to 3,200. Ingosstrakh provides hull insurance without limits of insurance sum. If sum exceeds reinsurance limit under obligatory treaty, surplus is ceded under facultative treaties in foreign and Russian markets.

Clients using Ingosstrakh’s P&I services include following large ship companies: Primorskoe steamship line, Lithuanian steamship line, Fedcomshipping, Kaalbye Shipping, Midland Shipping, Volgotanker, Priamos. Ingosstrakh possesses P&I network of correspondents in almost each port around the world. To dismiss ship from arrest, company provides financial obligations, such as guaranty letters or banking guarantees.

OJSIC Ingosstrakh (www.ingos.ru) operates in international and domestic insurance market since 1947. The company is one of the leaders in the amount of premium from voluntary non-life insurance.

Ingosstrakh has been rated by Standard & Poor’s (ВВ/Positive, or ruAA on the Russian scale), Moody’s Investors Service (Ba2/Positive), Moody’s Interfax Rating Agency (Aa2.ru and RUS-1 on the national scale), and Expert RA (A++).

Total amount of direct insurance and reinsurance premium collected by OJSIC Ingosstrakh, IC Ingosstrakh-M Ltd, and IC Ingosstrakh LMT Ltd for 2005 amounted to Rub 30.9 bln, 53.8% more than in 2004. Claims settled accounted for Rub 13.9 bln. Assets increased 30.4% and totaled Rub 33.1 bln. Equity capital – Rub 6.5 bln as of January 1, 2006.

Ingosstrakh is licensed to perform all twenty insurance classes (insurers’ specialty), stipulated by Article 32.9 of Insurance Law and reinsurance. Company has branches in 182 Russian cities, and over 15 offices and subsidiaries in neighboring and other foreign countries.