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Ukraine: SK Etalon expands capacity of reinsurance contract to $5.9 million

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Real estate firm Etalon L.L.C. has renegotiated to increase the capacity of the obligatory reinsurance contract for property risks to 50 million Ukrainian hryvnia ($5.9 million) in 2014, from UAH 30 million ($3.5 million), Forinsurer reports.

Contractors involved in the transaction are Hannover Re S.E.and Scor S.E.

The capacity could be expanded to UAH 100 million ($11.7 million) in the future, Forinsurer reported.

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