FESCO and VSK to cooperate in insurance sector

03 June 2021

FESCO Transportation Group (“FESCO”, the “Group”) and VSK Insurance House (“VSK”) have made an agreement for strategic partnership and insurance of the Group’s employees and assets. The agreement was signed at the International Economic Forum in St. Petersburg by Andrey Severilov, chairman of the Board of Directors of FESCO, and Sergey Tsikalyuk, chairman of the Board of Directors of VSK.

FESCO and VSK to cooperate in insurance sector

According to the agreement, VSK will provide insurance for FESCO’s assets, including vessels, trucks, rolling stock, other movable and immovable property of the company in Russia. VSK will also offer insurance products within a special insurance loyalty program to the Group’s employees.

“It is very important for us that FESCO stays a reliable and trustworthy company for its partners and clients. We chose VSK as our strategic partner for a good reason: VSK is one of the largest private insurance companies in Russia with advanced IT technologies and digital services, that can offer FESCO quality and state-of-the-art products,” said Andrey Severilov.

“Concluding a partnership agreement with FESCO is indeed a milestone event for us. VSK has the needed expertise and many years of experience in protecting the property interests of cargo owners. Our company has worked with the largest logistics companies for many years. We can offer our new partner a wide range of insurance coverage options depending on the transportation features and modes. The advanced and integrated solutions offered by VSK will provide the necessary protection and help to save time and money in case of an insured event,” noted Sergey Tsikalyuk.