MS Amlin, the Lloyd’s global re/insurer, has bound a reinsurance scheme that could provide up to €1 billion (US$1.1 billion) in cover annually for Ukraine’s small-and-mediums-sized enterprises (SMEs). The innovative scheme, developed in partnership with the European Bank for Reconstruction …
Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a €110 million (US$115.6 million) facility to provide reinsurance capacity for international reinsurers and Ukrainian insurance companies to cover war-related risks in Ukraine. Under the Ukraine …
Insurance broker Aon plc announced a $350 million, first-of-its kind insurance program with the U.S. International Development Finance Corporation, designed to build insurance capacity and accelerate new capital investment and economic recovery in Ukraine. As one of the largest global …
Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land risks. This exclusive facility – which WTW describes as a market first – provides prearranged war insurance capacity, offers much …
Ukraine’s wartime defense spending will remain high next year, underscoring the need for allies to provide war-risk insurance to help attract investment, the nation’s finance minister said. “Without international support, without war-risk insurance, we will not attract as much investment …
Marsh McLennan, the professional services firm in the areas of risk, strategy and people, today announced that it will work with the Ukrainian government to help it unlock access to the global insurance market. As part of the support, it …
Aon, Lloyd’s and Vienna Insurance Group (VIG) announced they are collaborating to provide foreign re/insurance capacity to support Ukraine’s recovery and reconstruction. As part of the UK-Ukraine Private Finance Partnership, Lloyd’s and Aon have committed to deliver fast-track access to …
Infrastructure owned by two major agriculture traders was damaged in Russian attacks at one of the biggest crop-handling ports in Ukraine, adding to the mounting losses suffered by its farm sector. Rocket strikes on the Ukrainian port city of Mykolayiv …
Ukrainian grain shippers have carved out a fresh export route — via the Baltic Sea — to send their crops abroad. The country has been hunting for alternative paths for its crops as the war with Russia cuts off vital …
Ukraine has suffered $4.3 billion in damage to farmland, machinery and livestock as a result of Russia’s invasion, according to the Kyiv School of Economics. About half of the “already immense” destruction from the war comes from pollution caused by …
