by AIP Online Bureau | Aug 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Shipping and insurance sources familiar with Ukraine said they were not informed about the new corridor and there were questions over its viability. It was unlikely most ships would agree to sail at the moment, they said Ukraine announced a “humanitarian corridor” in...
by AIP Online Bureau | Aug 8, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
As of Monday, the extra insurance premium ships pay when entering risky areas was stable compared with levels prior to the weekend attack, according to two people familiar with the market. The figure is closely watched by traders and shipowners alike for whether it...
by AIP Online Bureau | Jul 24, 2023 | International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Additional war risk insurance premiums, which are charged when entering the Black Sea area, need to be renewed every seven days. They already cost thousands of dollars and are expected to go up, given also the risk of floating mines War risk cover for Russia’s...
by AIP Online Bureau | Jul 17, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Annual cover remains in place but voyages to listed areas will be assessed individually as and when seen,” Neil Roberts, head of marine and aviation at Lloyd’s Market Association, which represents the interests of all underwriting businesses in Lloyd’s. Insurers are...
by AIP Online Bureau | Jul 14, 2023 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
The EU is considering connecting a subsidiary of the Russian Agricultural Bank (Rosselkhozbank) to the international payment network SWIFT to allow for grain and fertilizer transactions, sources familiar with discussions told Reuters on Wednesday. The European...
