PJSC “Ukrnafta” on December 25 announced a tender for services of compulsory insurance of civil liability of owners of motor vehicles (MTPL).
As reported in the electronic public procurement system “Prozorro”, the expected cost of the purchase of services is UAH 2.722 million. Documents are accepted until January 6.
As reported, the winner of a similar tender a year earlier was IC “Arsenal Insurance”, whose offer amounted to UAH 1.907 million at an expected cost of UAH 2.750 million.
Ukrainian producers of carrots continue to confidently increase selling prices for their products, according to analysts of the project EastFruit. Market operators explain the next rise in prices in this segment by the increased demand of wholesale companies and retail chains, which continue to buy these root crops for further realization.
Thus, only since the beginning of the current week carrots have grown in price up to UAH 23-30/kg, ($0.55-0.71/kg), depending on the quality and volume of the offered batches of products, which is on average 15% more expensive than at the end of the last working week.
Producers argue the price growth in this segment for several reasons at once. First of all, the upward price trend is associated with a noticeable reduction in the supply of substandard products, as supplies from unequipped warehouses have fallen to a minimum. At the same time, the demand for carrots remains quite active. It is also worth noting that some large farms are still holding back sales of this root vegetable of high quality in the hope of further price growth.
To date, carrots in Ukraine are already on sale on average 2.6 times more expensive than in the same period last year. At the same time, market operators note that the rise in prices has not contributed to a decrease in demand for carrots, so they do not exclude that next week farmers will make attempts to once again raise prices in this segment.
More detailed information about the development of the market of carrots and other fruit and vegetable products in Ukraine you can get by subscribing to the operative analytical weekly – EastFruit Ukraine Weekly Pro. Detailed product information is available here.
The Cayman Islands (aka Cayman) has captured about 10% of the US offshore life reinsurance market, according to an estimate in US regulatory filings, Gallagher Re reports on its website. It stresses that the Cayman Islands is well known as a major offshore financial center, but is looking to enter new sectors.
Assets linked to international insurance companies in the Cayman Islands have more than doubled from $71.2 billion at the end of the first half of 2023 to $154 billion at the end of the third quarter of 2024, according to the islands’ regulator, the Cayman Islands Monetary Authority (CIMA).
According to Moody’s, Bermuda remains the unchallenged leader, accounting for about 81% of cross-border reinsurance transactions from the US. However, Cayman’s growing importance has caught the eye. Mark Rowan, CEO of private equity group Apollo, which owns the Athene life insurance business, said in November that he wants to add a “caveat word” regarding the islands.
While the jurisdiction may not be as strict as Bermuda, it has its own risk-based solvency calculations that determine capital levels. Some Cayman-based companies have a customized approach to risk-based capital (RBC), while others apply the standard model. When considering any counterparty, it is important to assess how that entity measures and maintains adequate capital, the report stresses.
