image credit: Unsplash

Lloyd’s of London’s Ascot, Marsh Provide Insurance for Ukraine Sea Corridor

July 29, 2022

Lloyd’s of London insurer Ascot and broker Marsh MMC.N on Friday launched marine cargo and war insurance for grain and food products moving from Ukrainian Black Sea ports, removing a hurdle to getting shipments underway.

Russia and Ukraine signed a deal last week, brokered by Turkey and the United Nations, to reopen grain and fertilizer exports that have been blocked by war to ease an international food crisis.

Read More on Claims Journal