by AIP Online Bureau | Oct 10, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Insurance sources said on Thursday the war premiums had jumped around 30% this week to just over 1% of the value of the vessel from around 0.7% in early September, which would mean hundreds of thousands of dollars in extra costs A series of Russian missile strikes on...
by AIP Online Bureau | Jun 11, 2024 | International News, Non-Life, Reinsurance
Lessors are suing dozens of insurers around the world over losses of at least $8 billion after more than 400 planes were prevented from leaving Russia when Western sanctions over Moscow’s war in Ukraine forced the termination of their leases. Lloyd’s of London, Chubb...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
Sam Warnes, Director Marine Cargo commented, “This facility complements our other cargo war offerings such as our Black Sea Grain facility and $300m facility offering cover in the Red Sea and other high risk war areas.” London: WTW, a leading global advisory, broking...
by AIP Online Bureau | May 14, 2024 | Eco/Invest/Demography, International News, Non-Life, Policy, Regulation
Major insurers and ship engine makers have already withdrawn cover for Russia’s tanker fleet, which Moscow is relying on to maintain the country’s oil trade after Washington and its allies including the European Union imposed a raft of sanctions for its invasion of...
by AIP Online Bureau | Apr 8, 2024 | Eco/Invest/Demography, International News, Regulation, Risk Management
In a statement on the social media platform X, Rafael Mariano Grossi confirmed at least three direct hits against the ZNPP main reactor containment structures took place. “This cannot happen,” he said KYIV, Ukraine: The head of the U.N.’s atomic watchdog agency on...
