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Ukraine in talks with Marsh on war risk insurance for air transport

by AIP Online Bureau | Jan 13, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

Air traffic over Ukraine has been suspended since Russia’s full-scale invasion in February 2022. But Kyiv wants to reopen Boryspil International Airport just outside the capital as soon as possible once conditions permit, which it sees as a victory for Ukraine’s...

Marsh partners with Ukrainian govt and insurers for cost-effective covers for Black Sea grain shipments

by AIP Online Bureau | Nov 16, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Denys Shmyhal, Prime Minister of Ukraine, said: “The launch of the Unity facility will enable Ukraine to provide vital food supplies to the world at the same time as supporting the Ukrainian economy and keeping the Black Sea open for international trade. This...

Ukraine export corridor freight costs reverse brief rise

by AIP Online Bureau | Nov 14, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

As a result of the Russian attack, sea freight rates rose $20 a tonne and the number of shipowners willing to load in Ukrainian ports decreased, Spike Brokers, which tracks and publishes export statistics in Ukraine, said on Telegram early on Friday Freight costs for...

From Ukraine to Taiwan, satellite firms wrangle with geopolitics in space

by AIP Online Bureau | Oct 6, 2023 | International News, Risk Management, Technology

In March, Taiwan reported that two undersea cables to some of its outlying islands appeared to have been cut, although it stopped short of blaming Beijing. Taiwan media reported mounting interest in securing satellite internet connectivity immediately afterwards. Such...

Ship insurance facility set up for Ukraine grain exports, says broker Miller

by AIP Online Bureau | Sep 27, 2023 | International News, Non-Life, Reinsurance

London-headquartered Miller said it had teamed up with British maritime technology company Clearwater Dynamics (CWD) to develop a war risks insurance facility for grains shipments via three ports including Chornomorsk as well as Odesa and Pivdennyi “The three main...
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