by AIP Online Bureau | Feb 19, 2026 | Eco/Invest/Demography, Indian News, Non-Life, Policy, Reinsurance
India’s Directorate General of Shipping has until Friday to extend the approvals of four Russian insurers, its website shows. Four other Russian ones don’t need to renew their approvals until 2029 and 2030. The Indian government must decide in the next few days...
by AIP Online Bureau | Apr 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Since early December, companies in G-7 countries have only been allowed to provide services for Russian oil if the cargoes cost $60 a barrel or less An oil tanker company heavily involved in moving Russian oil lost industry standard insurance for its fleet after...
by AIP Online Bureau | Dec 5, 2022 | Eco/Invest/Demography, International News
The UK and EU will also introduce a ban on maritime services for the transport of Russian oil, including to third countries. The list of banned services includes insurance, brokerage and crucially the EU-based tanker fleet including ships owned in Greece and Cyprus....
by AIP Online Bureau | Dec 2, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The G7 price cap will allow non-EU countries to continue importing seaborne Russian crude oil, but it will prohibit shipping, insurance and re-insurance companies from handling cargoes of Russian crude around the globe, unless it is sold for less than the price cap...
by AIP Online Bureau | Nov 26, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The EU sanctions would bar access to insurance and services for any ship transporting Russian oil. The cap allows access to those services, but only if the crude is purchased below a certain level. The US proposed the price cap earlier this year as an alternative to...
