by AIP Online Bureau | Oct 21, 2022 | Eco/Invest/Demography, International News, Non-Life
The rates in Ukraine are currently higher than previously experienced in Iraq and Afghanistan…Principally, it’s a more active war zone rather than an insurgency situation,” said Alexis Fehler, accident and health underwriter at Lloyd’s of...
by AIP Online Bureau | Apr 9, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Underwriters are charging as much as 10% of the value of a ship’s hull — basically the vessel’s worth as an asset — for what is called an additional war-risk premium, according to four people involved in the market. Some are simply quoting to cover at prices that they...
by AIP Online Bureau | Apr 8, 2022 | International News, Non-Life, Reinsurance
Over 400 leased planes worth almost $10 billion remained in Russia after a March 28 deadline to cancel the contracts in line with Western sanctions over the war in Ukraine, leaving lessors facing heavy potential writedowns or a long insurance battle The likely huge...
