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Insurers reviewing Black Sea ship cover after Russia suspension

Insurers reviewing Black Sea ship cover after Russia suspension

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...

Russian oil headaches for buyers as crude prices hit $60

by AIP Online Bureau | Jul 15, 2023 | Eco/Invest/Demography, Intermediaries, Non-Life, Reinsurance, Risk Management

India and China have been the two dominant buyers of Russian crude since the invasion of Ukraine more than a year ago prompted others to shun the OPEC+ producer. As Urals climbs above the limit set by the Group of Seven, however, importers will face greater scrutiny...

Russia’s flagship crude oil surpasses G-7 price cap for first time

by AIP Online Bureau | Jul 13, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

For some buyers of the Russian flagship crude, the breaching of the cap poses an immediate headache. This is especially true in India, a market that has sustained Russian exports but where some purchasers are still reliant on key Western services to keep imports...

Russia rejects bank compromise as Black Sea grain expiry looms

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...

Russian sexologists to target homosexuality, other ‘disorders’ under new rules

by AIP Online Bureau | Jun 30, 2023 | Facts, Health, Policy

The order, which takes effect on July 1, comes amid a clampdown on LGBT rights, which President Vladimir Putin has sought to portray as evidence of moral decay in Western countries and from which Russia must be protected Russian clinics will soon be staffed with...
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