Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits April 21, 2022 The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price...
Oil Firms, Including ExxonMobil, Obtain Injunctions to Stop UK Climate Protests April 19, 2022 Three firms involved in Britain’s oil sector, including ExxonMobil, have secured injunctions to stop protests by climate change activists which...
EU’s Tweak to Sanctions Allows Some Aircraft Lessors to Sell Stranded Jets to Russia April 15, 2022 By Siddharth Philip and Alberto Nardelli An amendment to European Union sanctions last week created a potential path for some aircraft financiers to sell jets held...
Dutch Bank ABN Amro Apologizes for Historical Role in Slave Trade April 14, 2022 ABN Amro apologized on Wednesday for the pain and suffering caused by the involvement of the Dutch bank’s legal predecessors...
Update: Climate Change Protesters Disrupt Lloyd’s Headquarters April 12, 2022 By Charles Capel Climate change protesters in London have targeted insurance underwriting house Lloyd’s of London for its role in enabling fossil fuel...
Aircraft Lessors Seeing ‘Horrendous’ Hikes in Insurance Premiums: BOC Aviation April 7, 2022 By Padraic Halpin The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes...
Global Insurance Losses From Russia-Ukraine War Could Range From $16B to $35B April 1, 2022 By L.S. Howard Global insurance losses from the Russia-Ukraine war could range from $16 billion to $35 billion, with reinsurers expected to assume...
Lloyd’s Lab Selects 11 Insurtechs to Test Decarbonization, Climate Change Solutions March 31, 2022 The Lloyd’s re/insurance marketplace announced the next 11 insurtech start-ups that will join the eighth cohort of the Lloyd’s Lab...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia March 30, 2022 By Siddharth Philip AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines...