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SK "GUTA-INSURANCE" HAS INSURED UNDER CONSTRUCTION ON NEW ARBATE IN

				
				
				
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   SK "GUTA-INSURANCE" HAS INSURED UNDER CONSTRUCTION ON NEW ARBATE IN
TO MOSCOW HOTEL-BUSINESS CENTRE ON 12 MILLION DOLLARS
   Moscow, on August, 13th. A/PRIME-TASS/. The insurance company "GUTA -
Insurance "has concluded the contract of insurance from the Korean building
Firm LOTTE ENGINEERING and CONSTRUCION CO. About insurance of risks at
Carrying out of civil and erection works. On it it is informed in a press -
Release of the insurance company.
   Under the contract 1st turn under construction is insured
Multipurpose hotel - a business centre, and also civil
Responsibility of builders before the third parties. The insurance sum on
To the insurance contract has made 12 million dollars
   The under construction complex will represent high-rise hotel -
The business centre a total area 84875 kv m and height in 23 floors also will be
It is located on Novinsky's corner of parkway and New Arbata.
   "GUTA-INSURANCE" has experience of insurance of similar objects. So,
In the end of May the company has insured on 114 million doll Ostankinsky
Television tower.
   Insurance of property and civil and erection works enter in
Number of priority directions in company "GUTA-INSURANCE" business.
From the beginning of 2002 the size of insurance gathering of the insurer has grown on 70
Percents in comparison with 1 half-year 2001. Thus the greatest
Dynamics is reached in property insurance, volume of awards on which
In comparison with 1 half-year of last year has increased in 4,3 times.
   Korean company LOTTE ENGINEERING and CONSTRUCION CO is based in
1959 g also is one of the largest building corporations of the world. In
Number of its projects the trading and entertaining centres, stadiums,
Housing complexes, parks, hotels, terminals of the airports, bridges, etc.
   Joint-Stock Company "GUTA-INSURANCE" is founded in April, 1994 Has licences
On carrying out of 65 kinds of insurance legal and physical persons
Clients of the company are more than 4,5 tys the largest Russian
The enterprises and the organisations of all fields of activity, and also more than 100
tys citizens. Ustavnyj the capital - 427,8 million rbl. the Insurance award for 1
oe half-year has made 331,6 million rbl.
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//* an information Source: the Prime-TASS, 13.08.02
//* Reg. Nom. - 1120800181.42-------------------------------------------