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S&P Global sees Russia-Ukraine insurance losses of $16-35 billion

Published 03/31/2022, 09:19 AM
Updated 03/31/2022, 09:21 AM
© Reuters. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File Photo
SPGI
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LONDON (Reuters) - S&P Global (NYSE:SPGI) sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday.

© Reuters. FILE PHOTO: The S&P Global logo is displayed on its offices in the financial district in New York City, U.S., December 13, 2018. REUTERS/Brendan McDermid/File Photo

This includes possible aviation insurance losses totalling $6-15 billion, S&P said in a report.

Other speciality lines likely to be affected by the conflict include cyber, political risk and marine war insurance, S&P said.

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