WTW, Ukraine insurer collaborate on war risks facility

Willis Towers Watson PLC on Monday launched a London-market-backed facility providing coverage for cargo and war-on-land risks in partnership with Ukraine-based insurer VUSO.

The facility is led by Lloyd’s of London syndicate 3000, backed by Markel Corp., and can be accessed via VUSO or WTW’s Ukraine operation.

Available limits for all risks cargo insurance and war on land coverage vary depending on the region where the shipments are, WTW said.