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Broker McGill offers property war reinsurance for Ukraine

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 This initiative comes as traditional insurers have largely withdrawn from the Ukrainian market due to the ongoing conflict with Russia.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/ ]