by AIP Online Bureau | Dec 29, 2022 | International News, Non-Life
UK P&I Club said on Dec. 23 that the issue had arisen because of a lack of availability of reinsurance for reinsurers, also known as retrocession “The Club’s reinsurers are no longer able to secure reinsurance for war risk exposure to Russian, Ukrainian or Belarus...
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 | Nov 2, 2022 | Eco/Invest/Demography, Intermediaries, International News, Non-Life, Reinsurance
Ships entering the three ports, which have been part of the agreement, are usually required by their banks to have various insurance policies in place including hull and cargo war cover, which is renewed every seven days London: Insurers are no longer offering new...
by AIP Online Bureau | Oct 31, 2022 | Eco/Invest/Demography, International News
“Grain prices could potentially rise between 5% and 10% in coming days as markets “absorb the bad news,” said David Laborde of the International Food Policy Research Institute in Washington Along with a reduction of exports, the early termination of the Black Sea deal...
by AIP Online Bureau | Oct 30, 2022 | Eco/Invest/Demography, International News, Non-Life, Reinsurance
The U.N. chief said the grain deal brokered by the United Nations and Turkey in July helps “to cushion the suffering that this global cost-of-living crisis is inflicting on billions of people, his spokesman said Kyiv: Russia announced Saturday that it will...
