Ukraine crisis

The crisis in Ukraine is shocking and distressing.

We are worried not only about our Ukrainian colleagues, but also family and friends around the world who have connections there. Our hearts go out to all those affected in Ukraine and the surrounding region. We continue to offer assistance directly to our colleagues in Ukraine to help ensure their safety.

This tragedy will have profound and deep impacts across the globe. We are assessing the risks and implications for our company and clients, working to ensure there is minimal disruption to our client service.

The challenges this conflict will create are immense and the impact will be felt globally. We are here to help you face a new set of risks in cyber, supply chain and investments as well as human capital issues and help you manage claims for insurable losses.

How we can support you:

Our Forensic Accounting and Complex Claims (FACC) team is available to assist with calculations in the preparation of claims resulting from business interruption, contingent business interruption, property damage, extra expense, contents and stock losses. The team works in conjunction with our claim advocates and other associates to move quickly through the settlement process and maximize your claim recoveries based on the policy wording in place. The FACC team can help you across all industries and geographies to recover from catastrophic events.

Political risks are inherently difficult to predict, and past events are not a reliable indicator of what will happen in the future. Unrest in one country can ripple across the world in unique, unexpected ways. It is too early to tell how the Russia-Ukraine crisis will impact the world beyond Europe, but it certainly will. Our political risk and special contingency risk teams will monitor the events and will provide frequent updates via LinkedIn.

While many businesses may have limited direct investment exposure to Ukraine and Russia, the impact of the crisis will ripple across the globe impacting markets well beyond. In these uncertain times, we can help you understand which markets may be most impacted from the crisis and consider the immediate and long-term implications for your investment portfolios.

The pandemic already brought challenges to the supply chain. The Russia-Ukraine crisis will further aggravate the supply chain especially for organizations reliant on goods from either country. Even if you don’t purchase from Ukraine or Russia, you may still be impacted because of closed airspace and waterways. Our experts will partner with you to understand your supply chain risks.

The Russia-Ukraine crisis could increase the risk of cyber attacks on critical infrastructure, including financial systems, energy and utilities, healthcare systems and government operations.