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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

Marine underwriters unfazed by Russia oil cap

But numerous concerns remain, ranging from exodus of business to non-western markets to fear of inadvertently breaching sanctions and limited net line capacity for war risk

International Regulation

Ukraine war risk reinsurance premiums set to increase

Exclusions mean underwriters will be writing net lines on Ukraine risks, a leading marine broker says

International Europe

Marine war risks insurers worry about further ship detainments in Ukraine

The unpredictability of Russia has created a sizeable aggregate exposure risk if it decides to start detaining ships in the Black Sea, Gallagher warns

International Ukraine War

Ukraine war risk rates steady despite missile strike in Poland

Moscow’s claim that vessels calling at Russian ports face extortionate insurance costs rejected by market

Ukraine Europe

Marine insurers face up to $1bn in claims for ships trapped in Ukraine

Legal expert says carriers should expect a ‘clump’ of claims in February on the first anniversary of the onset of war when ships are deemed a constructive total loss 

Europe Losses

UK's Russian oil insurance ban 'to have little additional impact'

Plan to outlaw cover for crude from December and products from February duplicates earlier EU sanctions UK-based clubs were already set to follow

Russian Federation United Kingdom
FREE TO READ

War risk and cargo cover for Ukraine back after Russia resumes grain deal

Russia will rejoin the Black Sea grain initiative after receiving guarantees from Ukraine it will not use the corridor or export hubs for military operations

Marine Ukraine War

Black Sea war risk cover dries up overnight

Military advantage still dominant consideration for Kremlin, but commercial self-interest also factor in hesitation over renewing corridor deal, underwriters believe

Ukraine Marine

Ukraine grain hangs in the balance as insurers pause cover

A total of 16 ships were scheduled to pass along the Black Sea grain corridor Monday, but future movements remain uncertain after insurers pull back from issuing new cover in the wake of Russia’s decision to exit the initiative

Europe Ukraine War

Japan Club cover for EU-sanctioned Russia cargoes of ‘little real benefit’

Members relying on payouts up to the $10m retention limit may find themselves with substantial uninsured losses, legal experts warns

Japan Regulation

Japan Club will cover EU-sanctioned Russia cargoes

Sole Asian International Group affiliate ready to pay out up to retention limit, but warns on reinsurance arrangements and banks' unwillingness to process transactions

Japan Ukraine War
FREE TO READ

Collisions in Istanbul anchorage as congestion worsens

The number of collisions so far this year in anchorages around Istanbul has doubled in the past week to four

Ukraine War Marine
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