How Will Japan Secure Shipping Insurance for Imports of Russian LNG? December 29, 2022 By Yuka Obayashi Japan, the world’s top liquefied natural gas (LNG) importer, is facing its latest challenge in securing vital gas supplies from...
Exxon Sues to Force EU to Scrap New Windfall Profits Tax on Oil Companies December 29, 2022 U.S. oil major Exxon Mobil Corp. is suing the European Union in a bid to force it to scrap the...
Top 10 International Insurance Journal Stories of 2022 December 29, 2022 By L.S. Howard As we reach the end of another eventful year, Insurance Journal takes a look back at some of the top...
AM Best Gives A+ Rating to PartnerRe’s New MGA-Driven Insurance Ops December 29, 2022 AM Best has assigned an A+ financial strength rating of A+ (Superior) to PartnerRe Insurance Solutions Bermuda Ltd. (PartnerRe Ins...
Ship Insurers’ Exodus From Russia-Ukraine Risks Gathers Momentum December 29, 2022 By Alex Longley and Alaric Nightingale A host of shipping insurers altered their policies for 2023 to exclude claims linked to Russia’s war in Ukraine, a...
London Law Firms Face Reckoning in 2023 After Big Salary Hikes This Year December 28, 2022 By Irina Anghel London’s biggest law firms paid generously to secure the brightest young recruits they could this year. Meeting those salary pledges...
Overseas Companies Welcome China’s Decision to End Quarantines for Visitors December 28, 2022 By Joe McDonald Companies welcomed China’s decision to end quarantines for travelers from abroad as an important step to revive slumping business activity...
North Korea Hackers Stole $1.2B in Virtual Assets Over 5 Years: Spy Agency December 28, 2022 By Hyung-Jin Kim North Korean hackers have stolen an estimated 1.5 trillion won ($1.2 billion) in cryptocurrency and other virtual assets in the...
Putin Bans Russian Oil Exports to Countries Implementing Sanctions-Related Price Cap December 28, 2022 By Alexander Marrow and Vladimir Soldatkin President Vladimir Putin on Tuesday delivered Russia’s long-awaited response to a Western price cap, signing a decree that bans the...
Ship Insurers to Cancel War Risk Cover for Russia, Ukraine Following Reinsurer Exit December 28, 2022 By Carolyn Cohn and Jonathan Saul Ship insurers said they are canceling war risk cover across Russia, Ukraine and Belarus, following an exit from the region...