Latest Russia Headlines
All the headlines from our Russia Topic Page, ordered by recency.
Zurich Insurance to Take $300 Million Loss on Russian Unit Sale
Jul 3 2014 // Zurich Insurance Group AG, the largest Swiss insurer, said the sale of its Russian retail unit will lead to an estimated loss of about $300 million. The insurer said it is selling the business to Moscow-based Olma Group...
Tsunami Bulletin Issued Following Alaska Quake
Jun 23 2014 // A magnitude 8.0 earthquake triggered a tsunami warning for Alaska on Monday, according to a National Weather Service alert. The quake was located in the Rat Islands, which are part of the Aleutian Island chain. NWS said...
Vienna Insurance Stays Out of Russia as Acquisition Targets Rare
Jun 2 2014 // Vienna Insurance Group AG (VIG), Eastern Europe’s biggest insurer, said it won’t expand into Russia even as the number of acquisition targets in other parts of the region shrink. VIG, which is based in the...
Independent Insurance Agents Find Some Pundits, Politicians in Washington Agree
Apr 13 2014 // News flash: a conservative and a liberal in Washington agree — on quite a few matters, in fact. Before an audience of independent insurance agents last Friday, conservative commentator Tucker Carlson and liberal...
Aon’s New Political Risk Map Highlights ‘BRICS’ Increased Risks
Apr 11 2014 // Aon Risk Solutions, the global risk management business of Aon plc, has unveiled its 2014 Political Risk Map, which identifies an increased risk rating for all five emerging market BRICS countries. Aon noted that “as...
IMF Sees Global Growth Gaining Along with Rising Risks in Emerging Economies
Apr 8 2014 // The International Monetary Fund on Tuesday predicted the global recovery would strengthen this year as output in richer nations picked up, but it warned of rising risks in emerging economies. In its latest global economic...
U.S. Approves JPMorgan Release of Funds to Sanctioned Russian Insurer
Apr 3 2014 // JPMorgan Chase & Co. is unfreezing a money transfer from a Russian embassy in Central Asia to an insurer linked to U.S.-sanctioned bank after getting a go-ahead from regulators. “Following consultation with our...
Marsh’s Advice on Political Risk Market Concerns over Russia, Ukraine Turmoil
Mar 12 2014 // “Insurer concern over the political unrest and country credit ratings in Ukraine and potential sanctions in Russia have caused some to effectively stop underwriting political risk insurance in those two...
Olympics: What Do You Do with a Mountain Resort with Games Gone?
Feb 25 2014 // Stanislav Kuznetsov has a headache like no other: it measures 780,000 square metres and covers a large expanse of Russian mountainside. The Gorky Gorod resort in the snowy Caucasus peaks above Sochi was packed during the...
Willis Blog Writer Holt Warns of ‘Black Widows’ Threat at Sochi Games
Feb 6 2014 // “A number of ‘black widow’ suicide bombers – the wives of militants killed by Russian security forces – may already be within the ‘ring of steel’ at the upcoming winter Olympics in...
China, India, Brazil Join U.S. As Among Biggest Contributors to Global Warming
Jan 17 2014 // China, India and Brazil — three of the largest developing nations— joined the U.S. in a list of the biggest historical contributors to global warming, according to a study by researchers in Canada. Seven nations...
Second Suicide Bomber in Russia’s Volgograd Kills 14 on Bus
Dec 31 2013 // A bomb ripped a bus apart in Volgograd on Monday, killing 14 people in the second deadly attack blamed on suicide bombers in the southern Russian city in 24 hours and raising fears of Islamist attacks on the Winter...
Arctic Ship Route May be Safer with Anglo-Russian Radio Waves
Nov 7 2013 // The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative, under development to shore up vulnerable satellite-based alternatives. The British...
Icebergs, Insurance Hamper Top of the World Shipping Route
Oct 16 2013 // The new shipping route opened up through the Arctic by climate change will not be crowded any time soon. Cargoes of coal, diesel and gas have made the trip but high insurance costs, slow going and strict environmental...
Cyber Alert: Syria, Aided by Iran, Could Retaliate Against More U.S. Companies
Aug 28 2013 // If the United States attacks Syria, it will be the first time it strikes a country that is capable of waging retaliatory cyberspace attacks on American targets. The risk is heightened by Syria’s alliance with Iran,...
BP Sees No Quick Settlement in Oil Spill Case; Latest Cost Estimate at $42.4B
Jul 30 2013 // BP is digging in for a long legal battle over the Gulf of Mexico oil spill, Chief Executive Bob Dudley said on Tuesday after compensation costs soared for a second straight quarter. The payouts, the scale of which BP is...
Ratings Roundup: ACE Seguros, SOVAG, Polish Re, CCR (Algeria)
Jul 19 2013 // A.M. Best Co. has assigned a financial strength rating of ‘A’ (Excellent) and an issuer credit rating of “a” to ACE Seguros S.A., which is based in Panama. Its ultimate parent is ACE Limited, now...
Ratings Roundup: AEGIS, SOGAZ, African Re, Delvag
Jun 26 2013 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of Bermuda-based Associated Electric & Gas Insurance Services Limited (AEGIS), and...
CEOs Urge Russia President to Seek More Open Trade Ahead of G20 Summit
Jun 21 2013 // CEOs from the G20 Advisory Group of the International Chamber of Commerce (ICC) met in Saint Petersburg with more than 400 other business leaders and top government officials, including Russian President Vladimir...
Russia Challenges Consensus Rule at Heart of U.N. Climate Talks
Jun 17 2013 // It was a historic moment in U.N. climate talks: with most countries in favor and only a group of OPEC members objecting, the German environment minister chairing the conference banged down her gavel to launch negotiations...
