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Insurance for Ukraine grains shipments cut after Russia suspension -sources

by AIP Online Bureau | Nov 2, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance

Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...

The world’s food security is at stake as Russia exits Ukraine grain deal

by AIP Online Bureau | Oct 31, 2022 | Eco/Invest/Demography, International News

“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...

Russia halts UN brokered Ukraine Black Sea grain exports

by AIP Online Bureau | Oct 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps “to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will...
Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

Dubai Aerospace, with 19 jets stuck in Russia, sues 11 insurers in London

by AIP Online Bureau | Oct 28, 2022 | International News, Non-Life, Reinsurance

The High Court claim also names Fidelis Insurance Ireland, HDI Global Speciality, Abu Dhabi National Insurance Company , Great Lakes Insurance, Global Aerospace Underwriting Managers, Starr Europe Insurance and Axis Speciality Europe Aircraft leasing firm Dubai...

Russia poised to largely skirt new G7 sanctions on oil price cap and insurance

by AIP Online Bureau | Oct 23, 2022 | Eco/Invest/Demography, International News, Policy

Months of discussions between the United States and those insurance, trading and shipping firms have mollified concerns on their exposure to sanctions but all parties now realize Russia can largely skirt the plan with their own ships and services. Russia can access...
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