2009 Reference document - Solvay

1 the Transport program, with a coverage threshold of €15 million
underwritten on the insurance market (without participation by
the captive insurance company) covers goods that Rhodia stores,
as well as goods in transit or stored by third parties.
More than 85% of the premiums are for these programs. However,
for legal or economic reasons, some countries do not belong to
the worldwide programs. In these cases, coverage is provided
where necessary by local policies issued either by representatives
of leading insurers or, for countries with special status, by first-class
local insurers.
Risk Management 5
Risk coverage and insurance
The total cost of insurance premiums for the worldwide programs
listed above amounted to approximately €18 million in 2008.
Benefiting from a decline in the market, Rhodia was able to reduce
this amount to less than €15 million in 2009 while improving
certain terms. These premiums are paid to insurers and reinsurers
independent from the Group.
On January 1, 2010, Rhodia’s Property and Casualty policy, on the
one hand, and General Civil and Product Liability policy, on the other,
were renewed under good conditions, with an improvement in the
quality of the coverage.
Reference Document Rhodia 2009 103
5