by AIP Online Bureau | Mar 9, 2022 | Disaster & Management, International News, Risk Management
“I’m deeply concerned about the difficult and stressful situation facing staff at the Chornobyl nuclear power plant and the potential risks this entails for nuclear safety,” said International Atomic Energy Agency (IAEA) chief Rafael Grossi Vienna:...
by AIP Online Bureau | Mar 9, 2022 | Eco/Invest/Demography, International News, Risk Management, Wealth Management/ Philanthropy
The rally in oil and other commodities has heightened investor fears about global inflation. Data this week is expected to show the U.S. consumer price index climbed a stratospheric 7.9% on a year-on-year basis in February, up from 7.5% in January Solita Marcelli,...
by AIP Online Bureau | Mar 8, 2022 | International News, Non-Life, Reinsurance
Manufacturers, lessors, insurers and maintenance providers to Russian carriers like Aeroflot, S7 Airlines and AirBridgeCargo are among those outside Russia that are hit directly by sanctions Russian airlines have also been cut off from the insurance and reinsurance...
by AIP Online Bureau | Mar 7, 2022 | Eco/Invest/Demography, International News, Risk Management
“There is so much more capital in the system. Russia is not that big. Risk management is better,” Schamis said, comparing the situation now to the financial crisis in 2008 when he had a front-row seat as someone with capital to invest Western allies’ sanctions...
by AIP Online Bureau | Mar 7, 2022 | International News, Non-Life, Reinsurance, Risk Management
Many global and regional reinsurers have exposure to Russia, as well as some industrial line writers. As of now global reinsurers’ exposure is very limited, in most cases less than 1% of assets and existing liabilities, in some cases even less than 0.1%....
