
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

Marsh scheme could cut Ukraine war risk rates by as much as two-thirds
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

Marsh McLennan launches Ukraine Black Sea port facility
Broker partners with Lloyd’s and the Ukrainian government to provide up to $50m in hull and separate P&I war risk cover

Mutuals have the leeway to pay discretionary claims
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

Israel marine war risk rates steady as Lebanon pricing softens
Calls to Israel attract additional premiums in the order of 0.25%-0.5% of hull value, market sources report

Marine reinsurance capacity still plentiful: Lockton Re’s Stephenson
Head of Lockton Re’s marine and energy division, Martin Stephenson, gives his assessment of the impact of Russia-Ukraine-Belarus exclusions

High premiums draw war risk insurers back to Ukraine cover
Underwriters shrug off hundreds of millions of dollars of total loss payouts and the collapse of Black Sea grain corridor

French export credit agency to insure investors in Ukraine
Investment in Ukraine’s recovery can start before conflict with Russia ends

Miller unveils Ukraine war risk cover initiative
Vessel tracking will let underwriters monitor exposure despite Russian threat to treat merchant shipping as military targets

Marine insurance talks with Ukraine falter as two ships test alternative Black Sea grain corridor
International Union of Marine Insurance says ‘grey areas’ surround Ukraine government’s proposal to reinsure marine risk

Return to commercial war risk cover for Ukraine ships difficult to envisage: Denèfle
Details of scheme that would see Ukrainian government take first layer of risk expected shortly

Ukraine to launch state-backed war risk cover
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

Ukraine appeals to re/insurers to bolster private investment
Re/insurers willing to support that vision have a clear entry point, UkraineInvest’s chief executive, Sergiy Tsivkach, says
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