Three Japanese insurance companies that are set to halt marine coverage of risks related to the war in Ukraine starting next month are in talks with reinsurers to resume those operations, they said. | Reuters
“We are negotiating with various reinsurers to get the war coverage in order to restart providing marine war insurance in the area to our customers,” a spokespeople at Tokio Marine said, adding that some reinsurers have responded “positively.”
Most vessels get two types of insurance: marine insurance covering damage from natural disasters and collisions, and marine war insurance covering damage from war or terrorism.
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