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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

War risk proceeds propping up marine hull market

A windfall worth hundreds of millions of dollars to marine underwriters is being used to keep prices down in other lines, brokers contend

Middle East and Africa Europe

Black Sea war risk pricing drops sharply but fears grow of attacks over summer

Underwriters’ confidence boosted by enhanced Ukrainian command of waterways and state subsidies to reduce marine insurance premiums

Russian Federation Ukraine

Net-zero goals are creating ‘new shipping supercycle’

QBE Asia’s head of marine, Rama Chandran, says converting to new fuels and technology will ignite strong growth for the sector

Asia Pacific QBE

Denmark in talks to curb ‘problem’ dark fleet tankers shipping Russian oil from waters

Some 3.3m barrels per day of crude, fuel oil, diesel and gasoline were exported from Russian Baltic ports through the Danish Straits over the past 12 months, with at least 37% of tankers sailing through the region having unknown insurance

Sanctions Tankers and Gas

Ingosstrakh considers legal action after UK sanctions

Russian insurance giant insists it operates ‘in strict compliance with all applicable legislation and follows all due compliance procedures’

Russian Federation United Kingdom

Aon unveils $350m insurance programme for Ukraine

New $50m reinsurance facility will enable US International Development Finance Corporation to reinsure war-related risks and advance insurance capacity in Ukraine

Aon Ukraine War

LMA issues new Russian oil price cap wording

The new wording intends to address confusion caused by ‘rapid amendments’ driven by legislative changes

London Lloyds

European Commission mulls sanctions on Ingosstrakh

Russian insurer providing cover for crude exports insists it is fully compliant with sanctions

Russian Federation Specialty

Insurance ‘one of five key elements’ to rebuild Ukraine

Without a robust insurance market, robust investment is not possible, US special representative for Ukraine’s economic recovery says

Ukraine 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
See All