Around 15 ships in Ukraine could be declared total loss

Share!

Business Insurance - Jun 06, 2022

Up to 15 ships trapped in Ukraine could be declared as constructive total losses (CTLs) if the war waged by Russia continues until August, resulting in tens of millions of dollars’ worth of losses for marine insurers....

Read Full Article

Recommended Articles

South Korean insurers post combined net profits of nearly $6 billion

Posted: Aug 22, 2023

South Korean insurers’ combined net profits increased to around 8 trillion South Korean won ($5.95 b...

P&C insurance market sees reduced capacity on risks

Posted: Aug 22, 2023

According to a new report from Aon PLC, South Africa’s insurance market is continuing to see reduced...

Latin Re obtains license to operate in Lloyd’s marketplace

Posted: Aug 22, 2023

Independent insurance brokerage Latin RE is the first Brazilian broker to get a license to operate d...