by AIP Online Bureau | Jul 25, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Since the collapse of the grain corridor deal and the increased targeting of ports and infrastructure by Russia, war risk underwriters were “forming their own independent views and deciding what is it is they are prepared to underwrite,” David Smith, head of hull and...
by AIP Online Bureau | Jul 20, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
Norwegian shipping insurance group DNK, which provides war risk policies, told Reuters on Wednesday it was currently unable to provide cover for Ukraine Russia warned that from Thursday any ships traveling to Ukraine’s Black Sea ports will be seen as possibly carrying...
by AIP Online Bureau | Jan 23, 2023 | Eco/Invest/Demography, International News, Non-Life
His comments came weeks after Moscow last month sent a ship to deliver equipment for Bangladesh’s Rooppur nuclear power plant, which is being built with Russian assistance, but Dhaka refused to accept the vessel due to the US sanctions Dhaka: Bangladesh on Sunday...
by AIP Online Bureau | Dec 19, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
As they operate on an “aggregation” basis with marine and aviation war risk insurance, totting up the losses as one, claims in one area make reinsurers wary about the whole war risk sector, David Smith, head of hull and marine liabilities at broker McGill and Partners...
by AIP Online Bureau | Aug 10, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The initiative has been operating in a trial phase for the past two weeks. Ten ships – stuck in Ukraine since the war started – have departed with corn, soybeans and sunflower oil and meal. Two empty vessels have traveled to Ukraine to collect shipments. The biggest...
