Lloyd’s in talks with UN over new Black Sea grain insurance cover

Reuters exclusively reported that Lloyd’s of London (SOLYD.UL) is in talks with the United Nations over providing insurance cover for Ukrainian grain shipments if a new Black Sea corridor deal can be reached, its CEO John Neal told Reuters on Thursday. NATO member Turkey is seeking to convince Russia to return to the so-called UN-brokered Black Sea Grain Initiative after Moscow withdrew in July, ending a year of protected exports from Ukrainian ports amid the war. Securing insurance cover is crucial for shipments leaving Ukraine.