Belarus Re and Swiss Re signed a contract of obligatory retrocession of export contracts

Belarus Re signed a contract with Swiss Reinsurance Company Ltd. on obligatory retrocession of export contracts in respect of voluntary insurance of short-, mid- and long-term export contracts against political and (or) commercial risks. The contract came into effect on July 1, 2018. According to it, 50% of liability accepted to reinsurance under the above-mentioned risks is ceded to retrocession.

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