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

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

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

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

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 

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

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

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

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

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

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

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