Marsh McLennan (NYSE: MMC) has announced a major expansion of its Unity Ukraine war risk insurance facility. Launched in November 2023 to support Ukrainian exports of grain and other critical food supplies Unity now provides affordable war risk insurance for ships carrying all non-military cargo – such as iron ore, steel, and containerized shipping – and underpins Ukraine’s wider maritime export ecosystem.
Unity offers hull and separate protection & indemnity (P&I) war risk insurance at...
LONDON, Nov 8 (Reuters) – Lloyd’s of London will invest 40 million pounds ($49.6 million) in regions affected by the transatlantic slave trade, it said on Wednesday, after a report showed the commercial insurance…
https://gcaptain.com/lloyds-of-london-to-invest-65-million-following-slavery-report/
LONDON, Sept 7 (Reuters) – Lloyd’s of London is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached,…
https://gcaptain.com/lloyds-in-talks-with-un-over-new-black-sea-grain-insurance-cover/
LONDON, Aug 10 (Reuters) – Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks involving Taiwan as concerns grow over possible…
https://gcaptain.com/lloyds-of-london-leads-insurers-tightening-taiwan-cover-as-conflict-risks-rise/
Broker Marsh and Lloyd’s of London insurer Ascot have provided coverage for a vessel carrying grain and food products from Ukraine’s Black Sea ports under its new marine cargo and war insurance facility, says an article published on Insurance Journal.
Safe corridors establishedLaunched last month, it provides coverage up to $50 million for Ukrainian vital food supplies being shipped through safe corridors established by the newly signed Black Sea Treaty.
Big protection
The cover adds a big...
https://mfame.guru/marsh-provide-coverage-for-grain-ship-sailing-from-ukraine/
Lloyd’s commits to the future of the Lloyd’s Salvage Arbitration Branch
LONDON, 23 JULY 2021: In a move that has been strongly endorsed by UK maritime professional services body Maritime London, Lloyd’s has confirmed that it will continue to operate the Lloyd’s Salvage Arbitration Branch (LSAB) that oversees the Lloyd’s Open Form (LOF) salvage contract and procedures.
The Lloyd’s Council decision follows an...
The blockage of the Suez Canal for nearly a week will result in a “large loss” for Lloyd’s of London, its chairman said on Wednesday, reports Claims Journal.
Trade blockThe Ever Given container ship blocked the crucial trade route for nearly a week before it was successfully refloated on Monday. More than 400 vessels had been forced to wait on either side of the canal during the blockage.
Lloyd’s chairman Bruce Carnegie-Brown told Reuters the crisis could mean a loss for Lloyd’s of around $100...
https://mfame.guru/suez-canal-block-to-cause-large-loss-for-lloyds-of-london/
What a confusing place the world has become. Some leaders deny the dangers of the coronavirus and still think it will magically disappear, while many ordinary people seem ..
By Guy Faulconbridge and Kate Holton LONDON, June 18 (Reuters) – The Lloyd’s of London insurance market has apologized for its “shameful” role in the 18th and 19th Century Atlantic slave trade and pledged to fund opportunities for black and ethnic minority groups. About 17 million African men,...
