this post was submitted on 09 Jan 2025
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Broker McGill offers property war reinsurance for Ukraine (www.reuters.com)
submitted 17 hours ago by Cephalotrocity@biglemmowski.win to c/ukraine@sopuli.xyz
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LONDON, Jan 9 (Reuters) - Broker McGill and Partners has launched a commercial property war risk reinsurance programme for Ukraine, which it said on Thursday was the first of its kind since Russia's invasion of the country in Feb 2022.

Companies in Ukraine have found it difficult to get insurance since the start of the war because Western reinsurers, who insure the insurers, have placed exclusions on the country.

McGill said it had collaborated with local Ukrainian insurer ARX to provide up to $50 million in cover for each commercial property policy, with reinsurance from firms in London including Lloyd's of London (SOLYD.UL) syndicates.

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