by AIP Online Bureau | Jun 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
The sources, who declined to be identified due to the sensitivity of the issue, said Russian central bank-controlled RNRC was now the main company providing state guarantees to Russian insurance firms that offered cover such as Ingosstrakh, which insures Russian...
by AIP Online Bureau | Jun 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Janet Yellen, US Treasury Secretary The US has already outlawed imports of Russian oil and the European Union has agreed to prohibit seaborne imports of Russian crude in six months. On top of that, the bloc has worked toward coordinating with some Group of Seven...
by AIP Online Bureau | Jun 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
by AIP Online Bureau | Jun 4, 2022 | International News, Non-Life, Reinsurance
The partial sale would result in a 400 million euro ($429.80 million) hit to Allianz’s net profit, the company said. Companies have been scrambling to shed assets in Russia since the invasion, which Russia has called a “special operation.” The insurer Allianz said on...
by AIP Online Bureau | May 31, 2022 | Eco/Invest/Demography, International News
The law, which could be in place within weeks, will give Russia sweeping powers to intervene where there is a threat to local jobs or industry, making it more difficult for western companies to disentangle themselves quickly unless they are prepared to take a big...
