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...
by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance
Western bans imposed after Russia’s invasion of Ukraine give most leasing firms until March 28 to sever ties with Russian airlines – sparking a game of cat-and-mouse from Asia to Africa as lenders frantically try to seize aircraft Leasing companies are...
by AIP Online Bureau | Mar 9, 2022 | International News, Non-Life, Reinsurance
The new measures would also prevent aviation and space related exports including insurance and re-insurance. This will mean cover is withdrawn on existing policies and British-based insurers and reinsurers will be unable to pay claims on existing policies in these...
