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BritMark Settled “Eldorado”’s Claim Worth of USD 11 mln. Indemnification Paid by “UIG”

Fire in the warehouse of “Verkon” LLC (“Normal – centre” LLC) which took place on August 15, 2010, became the biggest insured loss in Ukraine in the last couple of years. “Eldorado” rented part of the warehouse situated in Kyiv, 67 Pobedy Ave, to store their inventory.

On March 30, 2011 Insurance Company “Ukrainian Insurance Group” finalized payment of indemnification which totaled in over USD 11 mln. Due to the complexity of the insured event the payment was made in two installments – over USD 7.5 mln and USD 3 mln each.

Loss assessment was carried out by Cunningham Lidsey represented in Ukraine by “Ukrainian Loss Adjuster”

BritMark participated in all stages of this claim settlement, starting from notifying the insurance company about the insured event and counting the damaged goods’ pieces.

Sergey Zakrevsky, Chairman of the Board on Strategic Development at “Eldorado” expressed his appreciation of BritMark experts’ thoroughness in the process of negotiating the insurance policy and professional claim settlement. (Full text of Mr. Zakrevsky recommendation here)

Companies’ Information:

Eldorado Trade Company, LLC is the leading consumer electronics retail company providing the choice of over 20,000 quality goods purchased directly from the manufacturers well-known worldwide.

BritMark is an insurance broker standing for the interests of large corporate Clients in Ukraine (registered No. 136 with State Insurance and Reinsurance Brokers Register). During over 7 years in business BritMark managed to earn the trust in the insurance market and to remain reliable partner of  leading players in the national insurance market while safeguarding the interests of more than 140 companies in Ukraine.

PJSC “Insurance company “Ukrainian Insurance Group” is a dynamic national insurance company rated among Top-10 Insurers in Ukraine based on its financial indicators.  In 2008 UIG became the part of Vienna Insurance Group.

Ukrainian Loss Adjuster is a representative office of Cunningham Lidsey. The company settles all kinds of claims all over Ukraine. Group of international companies Cunningham Lidsay has been in business since XIX century to become one of the largest loss adjustment and claim management companies in the world operating through more than 400 offices located in over 70 countries.