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Business news, 27.11.2001 17:58

The exhibition “Painting of the XX century” is insured for $ 227 millions.

The exhibition “Painting of the XX century”, prepared by the Hermitage for a “Guggenheim-Hermitage" Museum in Los-Angeles, is insured for $ 227 millions by the "Ingosstrakh-Saint-Petersburg" insurance company.

The company's stability is provided by corroboration with the largest reinsuring companies of the world. So, if the value of exhibits is very high, they are reinsured through Ingosstrakh-Moscow company by a brokerage firm March, which, in its turn, allocates the risks at the London Stock Exchange, with up to $ 10 millions left for Ingosstrakh's account.

(c) 2000