Analysis

Briefing: Marine insurers hope Ukraine war anniversary will not leave them in sea of claims

By Jon Guy 2023-02-22T13:53:00

marine hull

With vessels still stranded in Ukrainian ports, there is a very real risk of marine hull claims following the conflict’s one year anniversary this month

There are some concerned faces in the offices of the London market’s marine underwriters right now.

Not only have insurers seen reinsurers walk away from any support for ongoing marine war risks, but 24 February 2023 will mark the one year anniversary of Russia’s invasion of Ukraine.

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