PrivatBank (Kyiv) and UNIQA Insurance Company (Kyiv) signed a directors’ and officers’ liability insurance agreement on February 27. According to the Prozorro electronic procurement system, the company’s price offer corresponded to the expected cost of UAH 33.857 million or $784,287 thousand. The term of service provision is February 14, 2027. According to the annex to the insurance agreement, the liability limit is USD 45 million.
UNIQA Insurance is part of the UNIQA Group (Austria), which entered the Ukrainian market in 2006. According to the National Bank of Ukraine, UNIQA Insurance ranks fifth among non-life insurers in Ukraine in terms of premiums collected for the first nine months of 2025.
PrivatBank is Ukraine’s largest state-owned bank. According to the National Bank, the financial institution’s net assets reached UAH 904.32 billion (22.5% of the total) as of January 1, 2026.
The cost of insurance for ships passing through the Strait of Hormuz has jumped 12-fold, despite US President Donald Trump’s promise to ensure uninterrupted energy supplies from the Middle East, the Financial Times reports, citing brokers.
According to the publication’s sources, the insurance rate for ships operating in high-risk areas, which include not only the strait itself but also the waters adjacent to it, is now 3% of the ship’s value, whereas before the US and Israeli military operation against Iran, it was 0.25%.
The White House chief previously wrote on Truth Social that he had ordered the US International Development Finance Corporation (DFC) to begin providing insurance and guarantees on favorable terms “for all commercial maritime traffic through the Persian Gulf, especially that related to energy resources.”
Insurers are trying to figure out how this will work and whether it will help lower prices. Several brokers admitted to the FT that they were taken aback by Trump’s statement.
“We haven’t heard anything other than this announcement on Truth Social,” said David Smith of brokerage firm McGill, adding that insurers don’t know how widely the announced support will be extended, despite the promise to insure “all” trade passing through the Persian Gulf.
Other experts question how effective the DFC’s assistance can be, given that its primary role is to promote private investment in poor countries, while the main problem for shipowners operating in the Persian Gulf is the threat of attack.
“We already have insurance,” said Ed Finley-Richardson, founder of Contango Research. The DFC announcement may have helped curb oil price rises, but it is unlikely to change anything for us, he added.
At least seven tankers have been attacked in the Strait of Hormuz and surrounding waters since Sunday. Some ships reported receiving radio warnings demanding that they stay away from the strait.
Trump said on Truth Social that the US Navy would escort tankers through the Strait of Hormuz if necessary.
On January 23, Ukraine’s Foreign Intelligence Service announced a tender for compulsory motor third-party liability insurance services, according to the Prozorro electronic public procurement system.
According to the system, the expected cost of purchasing the services is UAH 2.2 million.
The deadline for submitting tender bids is January 31.
compulsory motor third-party liability insurance, FOREIGN INTELLIGENCE SERVICE, INSURANCE
On January 20, the State Service for Special Communications and Information Protection (SSSPZZI) announced its intention to conclude a contract of compulsory civil liability insurance of owners of land vehicles (MTPL) with IC “VUSO” (Kiev)
As reported in the system of electronic procurement Prozorro, the company’s price offer amounted to UAH 289.5 thousand against UAH 850.7 thousand of the expected cost of purchasing services.
The tender was also attended by the insurance company “Guardian” with a proposal of UAH 381.2 thousand, “Arsenal Insurance” with a proposal for a hryvnia more than that of ‘Guardian’, and IC “Unica” – UAH 666.6 thousand.
Gospetsvyaz, IC VUSO, INSURANCE, Motor transport, MTPL, TENDER
On January 9, the joint-stock company Kyivgas announced its intention to conclude a contract with IC Gardian for the services of compulsory insurance of civil liability of owners of land vehicles (MTPL).
As reported in the system of electronic public procurement ProZorro, the company’s price offer amounted to UAH 1.041 million against the expected cost of purchasing services – UAH 1.088 million.
The company was the only participant of the tender.
Zaporizhzhya municipal enterprise Zaporozhelektrotrans on January 7 announced a tender for services on compulsory insurance of civil liability of owners of land vehicles (buses, trolleybuses, streetcars, cars and trucks).
As reported in the system of electronic public procurement Prozorro, the expected cost of purchasing services is UAH 4.523 million. The deadline for submission of tender offers is January 15.
