by AIP Online Bureau | May 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
But current proposals will nevertheless make life considerably harder for Moscow, assuming they are adopted. The ban on providing insurance would span the vast majority of the global fleet of oil tankers seeking to transport Russian barrels Tanker companies insure...
by AIP Online Bureau | Apr 18, 2022 | Eco/Invest/Demography, International News
Preliminary analysis suggests that as many as 1.7 billion people in 107 economies are exposed to at least one of the three risks highlighted by the Global Crisis Response Group “The war is supercharging a three-dimensional crisis – food, energy and finance –...
by AIP Online Bureau | Apr 15, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
Under the amended provision, no economic resources can be made available to the Russian counterpart, except to transfer ownership of the plane after the EU company has been fully reimbursed An amendment to European Union sanctions last week created a potential path...
by AIP Online Bureau | Apr 9, 2022 | Intermediaries, International News, Non-Life, Reinsurance
“What we are now seeing are the underwriters starting to introduce Russia, Ukraine wording into their policies,” said Meredith Schnur, managing director, U.S. and Canada cyber brokerage leader at insurance broker Marsh, declining to name the insurers Insurance brokers...
by AIP Online Bureau | Apr 8, 2022 | Eco/Invest/Demography, International News, Policy
Credit-default swaps insuring $10 million of the country’s notes for one year were quoted at about $7.3 million upfront and $100,000 annually on Wednesday, according to ICE Data Services’ prices on Bloomberg. That’s up from about $5 million in advance last week, the...
