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...
by AIP Online Bureau | Sep 27, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Sweden’s Maritime Authority issued a warning about two leaks in the Nord Stream 1 pipeline, the day after a leak on the nearby Nord Stream 2 pipeline was discovered that prompted Denmark to restrict shipping and impose a small no fly zone STOCKHOLM/COPENHAGEN:...
by AIP Online Bureau | Aug 22, 2022 | Eco/Invest/Demography, International News
The world may soon be teetering on the edge of a global recession, only two years after the last one,” Pierre-Olivier Gourinchas, the IMF’s chief economist, said. Governments, businesses and families worldwide are feeling the war’s economic effects...
by AIP Online Bureau | Aug 16, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The prohibition relating to coal and to certain fertilizers refers both to the “purchase” and the “transfer” of these goods, irrespective of final destination,” Arianna Podesta, a European Commission spokeswoman, told Bloomberg in an email. Those sanctions extend to...
by AIP Online Bureau | Aug 10, 2022 | International News, Non-Life, Reinsurance
The reinsurer already wrote down the value of Russian and Ukrainian bonds by almost 700 million euros in the first quarter, and also booked about 200 million euros in war-related reinsurance costs in the first half of the year The Munich-based company wrote down the...
