Russia: SOGAZ to insure CherMK for $18.67 billion
The insurance group SOGAZ has won the tender to conclude the insurance agreement with the Cherepovets Iron and Steel Works, a part of Severstal. All the premises and buildings, machines and equipment, objects of unfinished construction will be insured. The total value of the insurance will be $18.67 billion. The objects will be insured for…