’The launch of this insurance facility will especially benefit the developing nations that buy much of Ukraine’s grain,’ says chief executive
Insurance Times rounds up the biggest stories of this week
’We look forward to helping Ukraine resume the vital international shipping of its grain,’ says head of direct marine
Many underwriters said they were likely to wait and see how the initial transits fared before committing to action
While the ongoing conflict in Ukraine loomed large, the challenges of climate change and technology were prominent pieces of the IUMI’s agenda
The cover was suspended following the expiration of the Black Sea Grain Initiative
Chief executive says the firm has ‘huge ambitions to keep on increasing our value proposition to brokers’
Director says move represents ‘good opportunity’
The new buy adds £90m of gross written premium to Pen, says statement
New guidelines ‘will result in clearer lines of communication and will assist in the efficient management of claims’, says JMCC chair
Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat
The ‘expertise’ of the new AR will expand the broker’s capabilities in the sector
With vessels still stranded in Ukrainian ports, there is a very real risk of marine hull claims following the conflict’s one year anniversary this month
Marine insurance trade association confirms the sector ‘has much work ahead’ if it wants to keep pace with ongoing challenges
The purchase will also see marine underwriter Mike Jeffrey move across to Aston Lark
Secretary general reveals that marine ‘underwriters are navigating some highly complex issues’, despite ‘another positive year’ overall for marine insurers in 2021
The impact of the war in Ukraine is likely to continue to affect marine lines next year, says chief executive
Marine insureds may need to adjust their policy limits to stave off the risk of underinsurance, says global head of marine risk consulting
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer
Insurers are preparing for further losses as Russia continues to hold on to leased planes
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