Lloyd's of London insurer Ascot says resumes Black Sea grain cover
02/11/2022 12:14
LONDON, Nov 2 (Reuters) - Lloyd's of London insurer
Ascot is once again quoting on its cargo insurance facility for
the Black Sea grain corridor, the facility's lead underwriter
said on Wednesday.
Ascot said on Monday it was suspending the cover after
Moscow suspended its participation in the U.N.-brokered grains
export deal.
Russia said on Wednesday it would resume its participation
in the grain deal.
"In response to today’s news, the Ascot-led ‘AsOne’ facility
is quoting again, effective immediately, and we have already
issued quotes this morning," Chris McGill told Reuters by email.
Other insurers also provide cover through the facility.
(Reporting by Carolyn Cohn and Jonathan Saul, Editing by Louise
Heavens)
((carolyn.cohn@thomsonreuters.com; 44 207 513 4391;))