by AIP Online Bureau | Mar 14, 2022 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
Insurance broker Willis Towers Watson also said on Sunday it would withdraw from Russia, following similar moves by rivals Marsh and Aon FRANKFURT: FRANKFURT/LONDON/ZURICH: Allianz and Swiss Re said on Monday they were cutting back on Russian business as European...
by AIP Online Bureau | Mar 14, 2022 | Eco/Invest/Demography, International News
Kristalina Georgieva, Managing Director,International Monetary Fund The total exposure of banks to Russia amounted to around $120 billion, an amount that while not insignificant, was “not systemically relevant,” Russia may default on its debts in the wake...
by AIP Online Bureau | Mar 13, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
U.S. National Security Adviser Jake Sullivan “We are communicating directly, privately to Beijing, that there will absolutely be consequences for large-scale sanctions, evasion efforts or support to Russia to backfill them,” Sullivan said. “We will...
by AIP Online Bureau | Mar 11, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Based on the latest legislative requirements taking effect in the United Kingdom, the European Union and United States, LR has confirmed that it will disengage from the provision of all services to Russian owned, controlled or managed assets or companies,” it said in...
by AIP Online Bureau | Mar 11, 2022 | Intermediaries, International News, Non-Life, Reinsurance
Dan Glaser, President and CEO, Marsh McLennan, said, “We condemn the unprovoked attack by the Russian government against the people of Ukraine. Having watched with horror the tragic human toll in Ukraine, we feel compelled to take this action. We intend to transfer...
