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WTW launches first London-market land war-risk cover for domestic cargo in Ukraine, led by Lloyd's syndicate Markel and partnered with VUSO, to support reconstruction logistics

Published on: 15 May 2024

Published by a Law360 reporter
Legal News
Article summary

WTW stated that the scheme, fronted by Lloyd’s of London syndicate Markel, delivers ‘peace of mind’ to participants engaged in Ukraine’s reconstruction. The cover is the London market’s first for inland cargo within the war‑ravaged nation and comes on the heels of a 2023 initiative undertaken by Western insurers, including Marsh & McLennan Cos Inc, to underwrite sea shipments moving grain from Black Sea ports...

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