Global insurance broker Marsh and Ascot Group, a global specialty (re)insurer, have announced the first insurance placement for their new marine cargo and war facility. Launched earlier this month, the facility provides cover for Ukrainian grain and other food supplies being shipped through the safe corridor established by the Black Sea Treaty between Russia and Ukraine.
Marsh, AScot and other insurers that are part of the facility have agreed to extend it to clients of Lloyd’s of London-registered brokers. The move aims to provide additional support to ongoing humanitarian efforts to alleviate continued pressure on supply chains and food security, Marsh said.
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