Insights and Stories of Jonathan Saul

Mar. 23, 2023 at 8:21 pm CDT

London | Reuters — Insurers continue to cover grain shipments from Ukraine through a United Nations-backed corridor although more clarity will be required soon, a senior Lloyd’s of London official said on Thursday, after the export accord was renewed for at least 60 days. The deal allowing the safe wartime […]

By Jonathan Saul

Dec. 28, 2022 at 6:18 pm CST

London | Reuters — Ship insurers said they are cancelling war risk cover across Russia, Ukraine and Belarus, following an exit from the region by reinsurers in the face of steep losses. Reinsurers, who insure the insurers, typically renew their 12-month contracts with insurance clients on Jan. 1, giving them […]

By Carolyn Cohn, Jonathan Saul

Aug. 9, 2022 at 12:18 am CDT

London/New York | Reuters — Ships exporting Ukraine grain through the Black Sea will be protected by a 10-nautical mile buffer zone, according to long-awaited procedures agreed by Russia, Ukraine, Turkey and the United Nations on Monday and seen by Reuters. The United Nations and Turkey brokered a deal last […]

By Jonathan Saul, Michelle Nichols

Apr. 4, 2022 at 8:08 pm CDT

London | Reuters — London’s marine insurance market on Monday added all of Russia’s waters to its list of areas deemed high risk, an advisory showed, which is likely to raise the cost of shipping and adds to the logistical pressures on Moscow. Guidance from the Joint War Committee, which […]

By Jonathan Saul

Feb. 28, 2022 at 4:44 pm CST

London | Reuters — Ukrainian ports will remain closed until Russia’s invasion ends, the head of Ukraine’s Maritime Administration said on Monday, adding that the port of Mariupol has sustained damage from Russian shelling. Russia invaded Ukraine on Feb. 24, calling its actions a “special operation.” “The ports will be […]

By Jonathan Saul