Boliden: Confirmation of insurance claim for Rönnskär

Rhea-AI Summary

Boliden has received confirmation that the primary insurance company will fully cover the insurance claim for Rönnskär's tank house fire, resulting in an income of SEK 2.4 billion for the second quarter of 2024. The total insurance coverage for Rönnskär was SEK 3.4 billion, with a primary insurance limit of SEK 2.4 billion and an excess insurance of SEK 1 billion. Discussions on the payment plan are ongoing.

Positive

• Boliden's insurance claim for Rönnskär's tank house fire has been confirmed, resulting in an income of SEK 2.4 billion for the second quarter of 2024.

• The total insurance coverage for Rönnskär was SEK 3.4 billion, providing significant financial support for the company.

Negative

• None.

STOCKHOLM, May 3, 2024 /PRNewswire/ -- After the fire that destroyed Rönnskär's tank house in June 2023, Boliden has now received confirmation that the primary insurance company fully assumes its part of the insurance claim. Boliden will therefore report an income of SEK 2.4 billion affecting the result for the second quarter of 2024. Thereafter, the insurance proceeds are expected to be paid out over time. However, the payment plan has not yet been determined.

At the time of the fire, Rönnskär's total insurance coverage amounted to SEK 3.4 billion, split between a primary insurance with a limit of SEK 2.4 billion, and an excess insurance applicable on top of the primary insurance, with an additional coverage of SEK 1 billion.

After this confirmation, the excess insurance claim process, as well as discussions with the primary insurance company around the payment plan, will continue.

For further information, please contact:
Klas Nilsson
Director Group Communications
+46 70 453 65 88
klas.nilsson@boliden.com

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https://news.cision.com/boliden/r/confirmation-of-insurance-claim-for-ronnskar,c3973151

The following files are available for download:

https://mb.cision.com/Main/997/3973151/2777628.pdf

Press release

 

View original content:https://www.prnewswire.com/news-releases/boliden-confirmation-of-insurance-claim-for-ronnskar-302135651.html

SOURCE Boliden

FAQ

What was the income reported by Boliden due to the insurance claim for Rönnskär?

Boliden reported an income of SEK 2.4 billion for the second quarter of 2024 as a result of the insurance claim for Rönnskär.

What is the total insurance coverage for Rönnskär?

The total insurance coverage for Rönnskär was SEK 3.4 billion, split between a primary insurance with a limit of SEK 2.4 billion and an excess insurance of SEK 1 billion.

Who will cover the insurance claim for Rönnskär's tank house fire?

The primary insurance company will fully assume its part of the insurance claim for the fire at Rönnskär.

What is the contact information for further inquiries?

For further information, please contact Klas Nilsson, Director Group Communications at +46 70 453 65 88 or klas.nilsson@boliden.com.