Ukrainian Insurance Group (UIG, Kyiv) has paid insurance compensation in the amount of $1.333 million for a cargo of grain damaged as a result of an explosion in the port of the Lebanese capital Beirut on August 4, 2020, the insurance company has said.
The company said in a press release on its website that the blast wave spread 10 km from the explosion site. As a result, buildings and cars were damaged, the main port of Beirut, through which 60% of all Lebanese imports pass, was put out of action.
Among other things, a cargo of wheat insured by the UIG in the port was also destroyed. According to the insurance contract, the cargo was insured against all risks.
Ukrainian Insurance Group is a company with 100% foreign capital. It has been working in the Ukrainian conventional insurance market since 2000. It is part of one of the world’s largest insurance groups, the market leader in Central and Eastern Europe – Vienna Insurance.
GRAIN, UKRAINIAN INSURANCE GROUP
