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Ukraine War

As events in Ukraine unfold at a rapid pace and sanctions on Russia start to bite, Insurance Day offers the best insight, analysis and commentary on how the crisis is impacting insurance markets

Ukraine War

Markel remains committed to Black Sea and Red Sea hull and cargo war markets

Lloyd’s insurer will stay course even where rivals pull out after reinsurance jitters, its director of marine says

London Lloyds

WTW introduces 'market-first' Ukraine war cover in London market

Markel-backed facility covers marine cargo and war-on-land risks

Europe Ukraine

The insurance market continues to struggle with Ukraine risk coverage

Frameworks are being developed to encourage insurers to provide coverage for Ukranian risks, but more needs to be done 

Legal focus Ukraine

Insurers wanted for Ukraine defence investment

Ukraine seeks a war risk insurance mechanism for its defence technological and industrial base, member of parliament, Halyna Yanchenko, tells Insurance Day 

Ukraine Ukraine War

Reinsurer cold feet hindering Black Sea war risk cover

No war risk pollution claims in Red Sea to date, but ‘one of these vessels is going to get hit and it’s going to make a mess,’ Lockton VP argues

London Ukraine

Red Sea war risk rates unmoved by Rubymar sinking

Bulk carrier sinking is first total loss caused by Houthi attacks but ‘if anything, the market is starting to flex downwards’, underwriter says

Ukraine War Specialty

Commons committee will probe Russia insurance sanctions enforcement

Lloyd’s and company market bodies to provide information to committee as chair vows to ‘deal a fatal blow to Kremlin’s war chest’

London Lloyds

Marsh expands Ukraine war risk facility

Ascot-led facility can now provide reduced war risk insurance to all non-military shipping to and from Ukraine ports

Ukraine Lloyds

Marine insurers face extra due diligence in Russia oil price cap crackdown

From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings

International Marine

LMA updates Russian oil price cap clauses

The revised clauses take into account new measures being brought in to prevent the circumvention of the price cap

London Lloyds

London D&O market seeing ‘signs of stabilisation’

High chance market will remain soft in 2024, brokers and underwriters canvassed by Insurance Day say, but indications that rate decreases slowing

International United Kingdom

Disputes over planes trapped in Russia to weigh on insurers in 2024

With several legal trials starting this year, it could take years before some of these issues are resolved, broker Gallagher warns

International Specialty
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