News & Press Release

News & Press Releases

In February 2015
Lemma became member of the Russian Association of the Aerospace Insurers.

In January 2015
Lemma received the status of observer in the International Association of Insurance Supervisors (IAIS)

Three more export credit reinsurance agreements signed in 2004 – with Export Guarantee Fund of Iran (EGFI), Malaysian Export Credit Merhab (MECIB), Export Import Insurance Company of Uzbekistan (UZBEKINVEST).

Signing of the co-operation agreement and facultative reinsurance agreement between
MECIB and Lemma Joint Stock Insurance Company of Ukraine (1st December, 2014)

December 2014
In December 2014 the Egyptian Insurance Supervisory Authority approved Lemma as a reinsurer for the Egyptian insurance companies.

July 2014
In July 2014 the company won the tender to provide insurance cover for the Ukrainian Space Agency. The company insured the launch of the Ukrainian space rocket Cyclone-3 with the satellite SICH-3. The total sum insured exceeded 7,800,000 USD.

The risk was placed with Ukrainian (15%) and Russian (85%) companies. On the reciprocity basis LEMMA accepts space risks from Russian companies.

In March 2014
LEMMA has become the member of the Ukrainian Nuclear Pool. The pool insures the risks of the Ukrainian nuclear operators’ liability in accordance with the Vienna Convention.

Auditor’s Report
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BDO Invest Riga – Auditor’s Report – 01-09-2003 (pdf)
We have audited the consolidated financial statements of “Lemma” insurance JSC, registration No. 22623173, as of December 2002. The consolidated financial statements comprise