Lloyd’s insurer Ascot resumes Black Sea grain cover

(Reuters) — Lloyd's of London insurer Ascot is once again quoting on its cargo insurance facility for the Black Sea grain corridor, the facility's lead underwriter said Wednesday.

Ascot said Monday it was suspending its cover after Moscow suspended its participation in the United Nations-brokered grain export deal.

Russia said Wednesday it would resume its participation in the deal.

“In response to today’s news, the Ascot-led ‘AsOne’ facility is quoting again, effective immediately, and we have already issued quotes this morning,” Chris McGill told Reuters by email.

Other insurers also provide cover through the facility.