War risk cover for vessels trading with Ukraine since the Russian invasion in February 2022 have been volatile, with additional premiums thought to have touched an unprecedented 10% or more of hull value

Broker partners with Lloyd’s and the Ukrainian government to provide up to $50m in hull and separate P&I war risk cover

The Russian invasion of Ukraine and the Hamas attack on Israel underline the crucial contribution insurance makes to allowing seaborne trade to continue when conflicts are in full flow

Calls to Israel attract additional premiums in the order of 0.25%-0.5% of hull value, market sources report

Head of Lockton Re’s marine and energy division, Martin Stephenson, gives his assessment of the impact of Russia-Ukraine-Belarus exclusions

Underwriters shrug off hundreds of millions of dollars of total loss payouts and the collapse of Black Sea grain corridor

Investment in Ukraine’s recovery can start before conflict with Russia ends

Vessel tracking will let underwriters monitor exposure despite Russian threat to treat merchant shipping as military targets

International Union of Marine Insurance says ‘grey areas’ surround Ukraine government’s proposal to reinsure marine risk

Details of scheme that would see Ukrainian government take first layer of risk expected shortly

A new Ukrainian state-backed scheme to provide war risk cover in conjunction with international insurers will essentially be a public-private partnership sharing the risk, according to Marsh, which is advising Kyiv on the details of the new deal expected to emerge in the next month

Re/insurers willing to support that vision have a clear entry point, UkraineInvest’s chief executive, Sergiy Tsivkach, says