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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

Legal Focus: FCA assesses the sanctions response to Russia’s invasion of Ukraine

Regulator’s review finds some good practices along with numerous areas for improvement

United Kingdom Legal focus

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

Europe Specialty

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

London Ukraine

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

Middle East and Africa Europe

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

Israel Lebanon

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

Marine Broker

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

Russian Federation Ukraine

French export credit agency to insure investors in Ukraine

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

France Ukraine

Miller unveils Ukraine war risk cover initiative

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

Europe Ukraine War

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

Europe Ukraine War
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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 Europe

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 Ukraine War
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