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...
by AIP Online Bureau | Mar 24, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Vladimir Putin,President,Russia Companies that leave and abandon their business without any action taken by the Russia government to seize control of their assets will have a tough time collecting insurance, according to legal experts “You see companies saying...
by AIP Online Bureau | Mar 22, 2022 | International News, Non-Life, Reinsurance
Multi-billion-dollar aviation insurance claims could have significant knock-on effects on the aviation insurance market. “We would expect insurers and reinsurers to respond by increasing premiums, incorporating more exclusion clauses in their contracts, and...
