by AIP Online Bureau | May 22, 2025 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The comments come as Baltic nations grow increasingly concerned about the activity of vessels that haul Russian barrels overseas, a key revenue source for the government in Moscow. They’re worried these ships could cause security breaches, damage power and internet...
by AIP Online Bureau | May 22, 2025 | International News, Non-Life, Reinsurance
That brought SMBC’s total recoveries from claims following the sanctions over Moscow’s war in Ukraine to $1.41 billion. It was one of six lessors that ended an Irish lawsuit against their insurers last month following a series of settlements Dublin: Aircraft lessor...
by AIP Online Bureau | May 20, 2025 | Eco/Invest/Demography, International News, Non-Life, Policy, Reinsurance
The G7 price cap was agreed in December 2022, banning trade in Russian crude oil transported by tankers if the price paid was above $60 per barrel and prohibiting shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe,...
by AIP Online Bureau | Apr 3, 2025 | Eco/Invest/Demography, International News, Non-Life, Regulation, Reinsurance, Risk Management
Such vessels are not regulated or covered by conventional Western insurers, posing the risk of unsafe tankers and environmental damage in the event of a wreck. The insurance issued to dozens of aging oil tankers used by Russia to skirt international sanctions was...
by AIP Online Bureau | Mar 25, 2025 | Eco/Invest/Demography, International News, Policy
The White House said in a statement that Washington would help restore Russia’s access to the world market for agricultural and fertiliser exports and would continue facilitating talks on both sides in a bid toward achieving a sustainable peace The United States...
