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...
Japan’s LNG Buyers Assess How Insurance Halt Will Affect Supplies December 27, 2022 By Shoko Oda and Tsuyoshi Inajima Japan’s buyers of Russian liquefied natural gas are assessing how imminent changes to shipping insurance — triggered by the ongoing...
Russian Airlines Explore Buying Stranded Jets From Western Leasing Firms December 27, 2022 By Gleb Stolyarov and Carolyn Cohn Russian airlines have held exploratory talks with at least one major Western leasing firm about using state funds to buy...
Credit Agricole Strikes Long-Term Bancassurance Deal with Banco BPM December 27, 2022 By Andrea Mandala, Sudip Kar-Gupta and Pablo Mayo Cerqueiro Credit Agricole on Friday struck a long-term bancassurance partnership with Italy’s Banco BPM, strengthening ties with the country’s number three...
Japan Urges Its Insurers to Retain Marine War Cover for LNG Shippers in Russian Waters December 27, 2022 The Japanese government has asked insurers to take on additional risks to continue providing marine war insurance for liquefied natural...