by AIP Online Bureau | Jul 19, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
“The main task for Ukraine now is to get the support of Turkey,” said Dmitry Skornyakov, chief executive officer of HarvEast Holding. He suggested that military escorts from Turkey could be used for ships entering and leaving Ukraine’s ports Ukraine is pushing for...
by AIP Online Bureau | Jul 18, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“It is currently on pause,” said David Roe, head of UK cargo at Marsh, which acted as the facility’s broker LONDON: A cargo insurance facility providing cover for Ukraine grain shipments via a safe sea corridor has been suspended after Russia quit...
by AIP Online Bureau | Jul 7, 2023 | Eco/Invest/Demography, International News, Policy, Reinsurance, Risk Management
“Without international support, without war-risk insurance, we will not attract as much investment as we need for reconstruction,” Finance Minister Serhiy Marchenko told Bloomberg Television on Friday. “We need investment right now — we don’t need to wait until the...
by AIP Online Bureau | Jun 23, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
It follows the proposals that Marsh McLennan has made to Ukrainian and G7 governments for the creation of a war risk insurance pool. This would be a multinational public-private partnership based on the existing terrorism insurance pools that currently operate in...
by AIP Online Bureau | Jun 21, 2023 | International News, Non-Life, Reinsurance, Risk Management
The commitment follows an announcement earlier in the day by British Prime Minister Rishi Sunak on a new framework for war risk insurance FRANKFURT: Aon PLC, Lloyd’s and Vienna Insurance Group will join forces to provide coverage for Ukraine to support its...
