News

Ukraine is launching a cargo insurance program covering war risks

Published May 21, 2024

Tridge summary

Insurance broker WTW has launched a new insurance program in partnership with Ukrainian insurer VUSO and reinsurer Markel, providing coverage for military risks of cargo and ground transportation in Ukraine. The insurance is available to both Ukrainian and foreign companies through VUSO or WTW's representative office in Ukraine, marking the first war risk insurance decision in Ukraine.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Insurance and reinsurance broker WTW has introduced a new insurance program in partnership with Ukrainian insurer VUSO, designed to cover military risks of cargo and ground transportation in Ukraine, Forinsurer reports. As noted in the company, the new mechanism offers coverage to both Ukrainian and foreign companies, which will help solve the problems of cargo transportation insurance in Ukraine. Reinsurance is provided by Markel, a Lloyd's syndicate backed by the London Insurance Market. The new insurance product is available through VUSO insurer or WTW insurance broker representative office in ...
Source: Agravery
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