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...
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...
