by AIP Online Bureau | Aug 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Scores of ships are stuck in the ports dotted along the Black Sea and are expected to begin moving out in “caravans” if all goes well However, shipowners will have to secure insurance for cargoes and vessels, and also find enough crew to sail them Ukraine made its...
by AIP Online Bureau | Jul 19, 2022 | Eco/Invest/Demography, Indian News
Moscow has in recent months imposed sanctions on 31 companies, including the owner of the Polish part of the Yamal pipeline that carries Russian gas to Europe, as well as the former German unit of Gazprom New Delhi: Russia has defaulted on the supply of at least 5...
by AIP Online Bureau | Jul 2, 2022 | International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
by AIP Online Bureau | Jun 27, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Policy
Russia has pushed back against the default designation, saying it has the funds to cover any bills and has been forced into non-payment. As it tried to twist its way out, it announced last week that it would switch to servicing its $40 billion of outstanding sovereign...
by AIP Online Bureau | Jun 18, 2022 | Indian News, Non-Life, Reinsurance
The `Pool’, which only covers the Cargo and not the Hull, was initiated at the instance of ministry of finance, is already in place this week after receiving due approvals from the insurance regulator IRDAI Effectively, any claim within Rs 500 crore per shipment of...
