Broker McGill offers property war reinsurance for Ukraine

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Thu, January 9, 2025

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Broker McGill offers property war reinsurance for Ukraine

^{Published on 2025-01-09 01:20:45 - 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.

The article from Reuters discusses how McGill and Partners, a London-based insurance broker, is offering a new type of reinsurance product aimed at covering war-related property damage in Ukraine. This initiative comes as traditional insurers have largely withdrawn from the Ukrainian market due to the ongoing conflict with Russia. The product, named Property War Reinsurance, is designed to provide coverage for property damage caused by war, which is typically excluded from standard insurance policies. McGill's approach involves creating a reinsurance pool that could potentially attract capital from investors looking to support Ukraine's reconstruction efforts. This move is seen as a step towards stabilizing the insurance market in Ukraine, encouraging investment, and aiding in the country's economic recovery amidst continued hostilities.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/broker-mcgill-offers-property-war-reinsurance-ukraine-2025-01-09/ ]

Contributing Sources

Reuters

N@N

Broker McGill offers property war reinsurance for Ukraine