UKRAINIAN POLITICAL RISK AND CREDIT INSURANCE NEWS
U.S.-Ukraine Business Council (USUBC)
Washington, D.C., Friday, October 1, 2010
WASHINGTON, D.C. - The market for political risk and credit insurance in Ukraine has loosened up some in recent weeks, according to Paul Gregory,
independent insurance broker in New York City, who is a member of the U.S.-Ukraine Business Council (USUBC).
Paul told USUBC that "One of the companies he has worked with in the past regarding insurance for Ukrainian risk, Willis Ltd (London), now has access to a private facility that will accept Ukrainian risk for qualifying companies with adequate size, reputation, and experience in the political and credit risk category." This is a new development Paul reported.
"The main alternative thus far has been the Overseas Private Investment Corporation (OPIC) and OPIC remains an alternative. The emergence of the private facility presents considerable advantages for those that qualify," Mr. Gregory stated.