OREANDA-NEWS.  May 03, 2012. Eurasia Insurance Company is involved in the reinsurance of one of the largest steel producer, Hyundai Steel,- stated the insurer, reported the press-centre of Eurasia IC.    

"Under the contract of reinsurance, the property interests of the company, including equipment failure are covered. Liability limit amounts to 1 trillion South Korean won for each insured event," – Eurasia stated in message.

The current currency rate is 100 South Korean Won/12, 91 tenge and 147.66 tenge / USD 1.

Hyundai Steel Co. was founded in 1953 and is the oldest steel company in South Korea, producing a wide range of steel products for the automotive, construction, oil and gas industry. The company's products are exported to North America, Europe, Africa, Middle East and Asia.

Eurasia, founded in 1995, is a leader in the insurance market of Kazakhstan. Today the company operates in more than 75 countries and is among the 150 largest reinsurers in the world.