Ukraine marine war premium falls as more ships opt to self-insure
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Ukraine marine war premium falls as more ships opt to self-insure

Samuel Casey
25 May 2022
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Premium income for marine war underwriters from ships stranded in Ukraine is falling as shipowners increasingly opt to self-insure their vessels as the conflict progresses, sources have told Insurance Insider.

A number of smaller ships have opted to go without marine war cover altogether, while some larger vessels owned through mortgages have been insured only to the mortgage value – a minimum requirement set out by banks – meaning...

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Samuel Casey
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