by AIP Online Bureau | Oct 12, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The bloc’s measures, including a ban on insuring tanker shipments, enter into force on Dec. 5. A Russian cargo still on the water after that date will no longer be covered by a European underwriter or reinsurer. European Union sanctions on Russian oil might still be...
by AIP Online Bureau | Jul 2, 2022 | International News, Non-Life, Reinsurance, Workplace/Employee Benefits
Igor Yurgens, head of the All-Russia Union of Insurers, told the same meeting on Friday that insurance companies from India and China are also staying away from Russia amid fears they will fall under secondary sanctions State-controlled Russian National Reinsurance...
by AIP Online Bureau | Jun 21, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Technically, we meet all international trade requirements,” CEO Igor Tonkovidov told reporters. “Currently, the company’s fleet is almost fully busy in shipping hydrocarbons, cargoes are delivered to different parts of the world.” Moscow: Russia’s state-run Sovcomflot...
by AIP Online Bureau | Jun 9, 2022 | Banking & Bancassurance, Eco/Invest/Demography, International News, Non-Life, Reinsurance
Trading, insurance and shipping executives said last week that such a ban could further complicate trade in dry bulk and liquid commodities with Russia, making them more expensive, delaying scrapping of old ships, pushing up global freight rates and encouraging...
by AIP Online Bureau | Jun 4, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Apart from banning seaborne imports into Europe, the new sanctions also include an immediate ban on insuring ships carrying Russian oil elsewhere, an EU official told Reuters, while existing contracts are to be phased out over six months BRUSSELS: The European Union...
