by AIP Online Bureau | Jan 18, 2024 | Eco/Invest/Demography, International News, Policy
Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that has been purchasing aircraft from foreign lessors, the finance ministry said on Wednesday. The ministry said it had purchased bonds of NLK-Finance,...
by AIP Online Bureau | Nov 14, 2023 | International News, Non-Life, Reinsurance
Singapore-based BOC Aviation began legal action in November 2022 in Dublin in pursuit of claims against 16 insurers over aircraft the lessor owned that have been stuck in Russia, an Irish High Court filing shows Russian flagship carrier Aeroflot said on Thursday it...
by AIP Online Bureau | Oct 26, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
One tier relies on vessels known as the ghost fleet that are past their traditional lifespans, meaning they are at greater risk of leaks and spills. The other tier comprises mainstream vessels that use Western services for legal oil shipments, including from Russia...
by AIP Online Bureau | Aug 23, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurers have complained publicly about the risks of covering cargoes using the attestation system in recent months. There has also been a drop off in the number of ships calling at Russian ports with industry-standard insurance from members of the International Group...
by AIP Online Bureau | Aug 16, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Insurance industry sources said rates for additional war risk premiums remained stable on Monday, although there was a possibility of a rise if a ship was damaged or sunk The cost of a Black Sea war risk premium, which is typically renewed every seven days and is in...
