UKRAINE: Zurich leads USD 120 million civil war loss
Zurich is the lead insurer on a USD 120mn political risk claim caused by the conflict in Ukraine, The Insurance Insider understands. The insured is food conglomerate Cargill, one of the world's largest privately held corporations.
Cargill had to abandon a sunflower crushing plant near Donetsk, Ukraine, in July 2014, and the site was occupied by armed intruders shortly afterwards.
In August 2014 there were reports that the facility was damaged by a missile strike. Read the full story