war risk insurance News

Russia’s Danube Attacks Threaten Ukraine Grain Exports; Ports’ Insurance Rates Rise

Russian air strikes on Ukrainian grain facilities on the Danube this week threaten a vital river route for Kyiv’s exports, as Moscow seeks to tighten the noose around a key sector of the economy days after abandoning the Black Sea …

Nearly 30 Ships Drop Anchor Near Ukraine’s Crucial Izmail Port After Russian Air Strikes

Almost 30 ships dropped anchor near Ukraine’s crucial Izmail port terminal after Russia destroyed grain warehouses on the Danube River on Monday, data showed, although it was unclear exactly what had caused them to stop. Monday’s pre-dawn Russian air strikes …

Black Sea Shipping Traffic Drops 35% After Russia, Ukraine Warnings

The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week versus the previous week with growing uncertainty over whether commercial traffic could be hit as Russia continues to pound food …

Black Sea Threats Escalate as Ukraine Warns on Russian Ships

Ukraine said any ships heading to Russian ports may be military targets, a tit-for-tat response to a threat from Moscow that escalates the war’s risk to global food markets. Since Moscow halted the Black Sea agreement that allowed Ukraine to …

Ukraine Setting Up Temporary Shipping Route After Russia Grain Deal Exit: Official Letter

Ukraine is setting up a temporary shipping route to maintain grain shipments after Russia quit a deal allowing Ukrainian exports via a UN-backed safe corridor in the Black Sea, Kyiv said on Wednesday. Russia attacked Ukraine’s Black Sea Odesa port …

Russia Issues Warning to Any Ships Traveling to Ukraine’s Black Sea Ports

Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying military cargoes, after Ukraine said it was setting up a temporary shipping route to try and continue its grain exports. The …

Ukraine Plea to Keep Grain Moving Clashes With Reality Facing Insurers, Shippers

Ukraine is pushing for grain exports to continue from key ports following Russia’s withdrawal from the Black Sea grain deal. Insurers and shippers aren’t so sure. Russia’s termination of the pact this week means that it will no longer guarantee …

Ideas Are ‘Being Floated’ on How to Get Ukraine, Russia Grain to World: UN

There are a “number of ideas being floated” to help get Ukrainian and Russian grain and fertilizer to global markets after Moscow quit a deal allowing the safe Black Sea export of Ukraine grain, the United Nations said on Tuesday. …

Ukraine Finance Chief Sees Urgent Need for War-Risk Insurance

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 to Work With Ukraine to Provide Access to Global Insurance Market

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 …