WTW announces market first facility for cargo and war-on-land risks in Ukraine
13 Maio 2024 - 6:50AM
WTW (NASDAQ: WTW), a leading global advisory, broking and solutions
company today announced a partnership with Ukrainian insurer, VUSO,
to provide a London market backed facility covering cargo and,
crucially, war-on-land risks.
This market first, an exclusive facility which provides
prearranged war insurance capacity, offers much needed certainty to
Ukrainian and foreign enterprises alike, who are moving goods and
products overland within the borders of Ukraine.
WTW’s partnership with VUSO is a development that directly
addresses the complex challenges faced by local insurer partners. A
year in the making, the London Market facility is led by Lloyd’s
syndicate Markel.
The facility is operational immediately and can be accessed via
VUSO or WTW Ukraine.
Sam Warnes, Director Marine Cargo commented, “This facility
complements our other cargo war offerings such as our Black Sea
Grain facility and $300m facility offering cover in the Red Sea and
other high risk war areas.”
Vyacheslav Andriyko, Head of WTW Ukraine said, “We are delighted
to offer the first insurance solution for war risks within the
borders of Ukraine to provide peace of mind to domestic companies,
along with certainty for international companies who are offering
their support and assistance in Ukraine’s rebuilding efforts.”
Andrii Artiukhov, CEO at VUSO said, “VUSO offers a wide range of
insurance products designed specifically to address the unique
needs of businesses in providing protection against unforeseen
situations, including war risks. This program will allow us to
expand the range of offers for our corporate clients to protect
their cargo from war risks.”
Pamela Thompson-Hall, Head of International, WTW added, “At WTW,
our purpose is clear, to transform tomorrows by pioneering
innovative solutions to address our clients' risks. Brought to life
by the great teamwork of our dedicated colleagues in Ukraine, the
global insights from our international colleagues, and strong
partnership with carriers, which enabled us to develop a market
leading initiative and secure much needed capacity to facilitate
crucial trade and transportation operations within Ukraine. It is a
source of pride for us to support our clients through their current
crisis.”
About WTWAt WTW (NASDAQ: WTW), we provide
data-driven, insight-led solutions in the areas of people, risk and
capital. Leveraging the global view and local expertise of our
colleagues serving 140 countries and markets, we help organizations
sharpen their strategy, enhance organizational resilience, motivate
their workforce and maximize performance.
Our Global Marine team has 550+ marine risk and insurance
specialists working together as one global team in more than 55
locations. It is this collaboration that gives our clients the
opportunity to access the best solutions available anywhere in
Global Marine, regardless of their location. Working shoulder to
shoulder with our clients, we uncover opportunities for sustainable
success.
About VUSOPJSC SC VUSO is a leading insurance
company in the Ukraine market with above-market growth rates, a
diversified product portfolio and a wide sales network.
Media contactsLauren
DavidLauren.david@wtwco.com+44 7385947619
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