by AIP Online Bureau | Jul 5, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Russia says the severing of the bank’s access to SWIFT is one of the obstacles facing its own exports of food and fertiliser, and that it cannot keep renewing the Black Sea deal unless those issues are addressed Russia on Tuesday restated a demand for its state...
by AIP Online Bureau | May 18, 2023 | International News, Non-Life, Reinsurance
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
by AIP Online Bureau | Mar 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The initiative, brokered by the United Nations and Turkey last July, is up for renewal on March 18. Negotiations began on Monday between U.N. officials and Russian Deputy Foreign Minister Sergei Vershinin aimed at discussing an extension to a deal allowing the export...
by AIP Online Bureau | Jan 6, 2023 | Eco/Invest/Demography, Non-Life, Reinsurance
Costs for hiring ships to transport commodities from the Black Sea have risen by more than a fifth since the start of the year, reflecting higher war risk insurance rates, industry sources said The Black Sea is crucial for the shipment of grain, oil and oil products....
by AIP Online Bureau | Nov 3, 2022 | International News, Non-Life, Pandemic, Reinsurance
“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 Lloyd’s of London insurer Ascot is once again quoting on its cargo insurance...
