Japan Insurers to Maintain Cover for LNG Vessels in Russian Waters December 30, 2022 By Ritsuko Shimizu and Yuka Obayashi Japanese insurers are expected to maintain marine war insurance, which covers the sinking and requisition of ships due to war...
Global Natural Catastrophe Insurance Losses Estimated at $112B in 2022: Carpenter December 30, 2022 Global insurance losses for natural catastrophes are projected to reach $112 billion in 2022, reinsurance broker Guy Carpenter said on...
2022 Will Be UK’s Warmest Year on Record: Met Office December 29, 2022 This year will be the warmest year on record for the UK, according to the Met Office. The annual average...
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...