News

Marine insurance sector’s role in Ukrainian grain shipments has ‘saved lives’

By 2023-03-16T12:49:00

grain ship marine

Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat

The insurance industry’s involvement in facilitating shipments of grain to leave Ukraine as part of a treaty is “a great example of the fact that the insurance industry has saved lives”.

This was according to Marcus Baker, global head of marine and cargo at broker Marsh, who spoke exclusively to Insurance Times this week as reports hit the national press that Russia was only prepared to extend the existing shipping treaty for a further 60 days.

Read more… 

Explore more marine-related content here or discover other news stories here.

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

Register now

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Top level access to our Five Star service ratings across our annual Personal Lines, Commercial Lines, eTrading and MGA reports.
  • A choice of daily and weekly email newsletters that suit you, to keep informed of news across the industry directly to your inbox.

Register now to continue reading more for free

As a subscriber you will benefit from unlimited access to our news and news analysis, magazine editions, special supplements, exclusive research reports and full access to the Five Star service rating microsites - view subscription options.