by AIP Online Bureau | Mar 17, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“Existing contracts in Russia and Belarus will not be renewed,” the Munich-based company said on its website Wednesday. The same applies to Munich Re’s investments in the region Exceptions will only be made if ending business “would negatively affect persons or...
by AIP Online Bureau | Mar 16, 2022 | International News, Non-Life, Reinsurance
“We’ll keep deploying our expertise, resources and networks – covering crucial areas like cyber, space and political risk – to help deliver an effective sanctions regime against Russian assets,” Lloyd’s said in a statement on its website dated March...
by AIP Online Bureau | Mar 6, 2022 | Eco/Invest/Demography, International News, Risk Management
“Price shocks will have an impact worldwide, especially on poor households for whom food and fuel are a higher proportion of expenses,” the IMF said. “Should the conflict escalate, the economic damage would be all the more devastating. The sanctions on Russia will...
by AIP Online Bureau | Mar 4, 2022 | International News, Non-Life, Reinsurance, Risk Management
MOSCOW: Russia’s central bank on Thursday said it was increasing the capital of affiliated reinsurance firm AO RNPK, which specialises in providing protection against international sanctions, to 300 billion roubles ($3.08 billion) from 71 billion...
by AIP Online Bureau | Feb 25, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
The “largest and most severe package” of economic sanctions against Russia tabled in the House of Commons includes a full asset-freeze of Russian state-owned bank VTB and powers to allow the UK to exclude Russian banks from Britain’s financial system. London:...
