Marsh expands Unity insurance facility to cover all shipping at Ukrainian ports
Marsh McLennan, together with the Ukrainian government and Lloyd’s, has announced the expansion of its Unity insurance facility to provide affordable war risk insurance for ships carrying all non-military cargo, such as iron ore, steel and containerised shipping.
The scheme was launched in November 2023 to provide war risk insurance for grain shipments and other critical food supplies globally and now covers Ukraine’s other leading export industries including iron ore, steel, electrical equipment and animal fodder.
Unity provides up to US$50m in hull and separate protection and indemnity (P&I) war risk insurance at significantly reduced premiums compared to standard market pricing.
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