Markets/Coverages: WTW Launches Facility for Cargo and War-on-Land Risks in Ukraine May 14, 2024 Insurance broker WTW announced a partnership with Ukrainian insurer, VUSO, to provide a London-market-backed facility covering cargo and, crucially, war-on-land...
Chinese Ships Get Cheaper Insurance to Navigate Red Sea February 7, 2024 By Alex Longley and Áine Quinn Chinese-owned merchant ships are getting hefty discounts on their insurance when sailing through the Red Sea, another sign of how...
Ukraine Cargo Insurance Policy Suspended After Russia Quits Grain Deal: Marsh July 18, 2023 A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia...
Japanese Shipping Firm Seeks Government Support for Russia Insurance Risk March 23, 2023 By Shoko Oda and Tsuyoshi Inajima Major Japanese shipping company Nippon Yusen KK is seeking a government guarantee to insure vessels at risk from Russia’s war...
Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot December 22, 2022 A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine August 23, 2022 By Noor Zainab Hussain Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain...
Insurers Get Safety Assurances for Ships Exporting Ukraine Grain Through Black Sea August 9, 2022 By Jonathan Saul and Michelle Nichols Ships exporting Ukraine grain through the Black Sea will be protected by a 10 nautical mile buffer zone, according to...
More Grain Ships Safely Depart From Ukrainian Black Sea Ports August 8, 2022 Two more ships, carrying corn and soybeans, departed from Ukrainian Black Sea ports on Monday, Turkey and Ukraine said, taking...
London Insurance Sector Readies $50M Ukraine Grain Cargo Cover August 4, 2022 By Jonathan Saul and Carolyn Cohn The London insurance sector is preparing to cover Ukrainian grains and fertilizer shipments through a secure corridor, voyages that may...
Lloyd’s Insurer Hiscox to Provide Insurance for Ukraine Grain Shipments August 3, 2022 By Carolyn Cohn Hiscox is committed to a planned insurance consortium providing cover for ships traveling through a safe passage from Ukraine, its...