Cofco’s $100mn PV tower at risk as Ukraine war rumbles on

20 May 2022

Kyiv, Ukraine. 02nd Mar, 2022. View of a civilian sports club gym and sporting goods store damaged following a Russian shelling attack on the city of Kyiv as Russian forces launch full-scale invasion of Ukraine since February 24th. Credit: SOPA Images Lim

The political violence (PV) market is facing a potential $100mn loss stemming from an insurance tower purchased by Chinese agriculture and food-processing company Cofco in Ukraine, marking the latest of a flurry of losses to hit the PV market as a result of Russia’s invasion of the country.

The limit on the policy is understood to be around $100mn, but it is unclear what the total loss quantum will be.

Liberty

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Luke Harrison

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