by AIP Online Bureau | Jun 11, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance, Workplace/Employee Benefits
The danger of war damage, as well as longer-term political and economic instability, have seen the costs of insuring investments in Ukraine shoot up, often pricing out both investors and private insurers. Ukrainian President Volodymyr Zelenskiy has called on allies to...
by AIP Online Bureau | May 18, 2023 | International News, Non-Life, Reinsurance
Officials from Russia, Ukraine, Turkey and the U.N. make up a Joint Coordination Centre (JCC) in Istanbul, which implements the Black Sea export deal. They authorize and inspect ships. No new vessels have been authorized by the JCC since May 4 The Ukraine Black Sea...
by AIP Online Bureau | Apr 22, 2023 | Eco/Invest/Demography, Intermediaries, International News, Non-Life
Russia has strongly signaled that it will not allow the Ukraine Black Sea export deal – agreed in July last year – to continue beyond May 18 because a list of demands to facilitate its own grain and fertilizer exports has not been met. A deal allowing the...
by AIP Online Bureau | Feb 28, 2023 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
With insurers already grappling with exposure to commercial aircraft caught up in Russia, the prospect of payouts will likely translate into higher costs for shipments from the region A senior industry source said exposure for the ships currently stuck was estimated...
by AIP Online Bureau | Dec 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
At least 12 of the 13 organizations within the International Group of P&I Clubs — the main insurer of risks such as collisions and spills — have changed their policies to exclude claims stemming from Russia’s invasion of Ukraine in recent days. The 13 clubs are...
