Black Sea Grain Initiative

Marsh McLennan collaborates with Ukrainian government, banks, and insurers to provide cost-effective insurance for Black Sea grain shipments

Retrieved on: 
星期三, 十一月 15, 2023

Underwritten by insurers based at Lloyd’s of London, Unity will provide up to US$50 million in hull and separate protection & indemnity (P&I) war risk insurance.

Key Points: 
  • Underwritten by insurers based at Lloyd’s of London, Unity will provide up to US$50 million in hull and separate protection & indemnity (P&I) war risk insurance.
  • Global law firm, Norton Rose Fulbright, provided advisory services.
  • John Doyle, President and Chief Executive Officer, Marsh McLennan, commented: “Marsh McLennan is committed to mobilizing our unique expertise to support global food security and stability.
  • The launch of this insurance facility will especially benefit the developing nations that buy much of Ukraine’s grain and also help Ukraine’s future recovery and reconstruction endeavors.