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...
Insurance Rates to Stay Flat for Shipments of Ukraine Grain: Lloyd’s Insurer Ascot December 22, 2022 A cargo insurance facility providing cover for shipments via Ukraine’s grain export corridor will continue next year with no rate...
Exxon Avoids Hiring Tankers That Previously Transported Russian Oil December 21, 2022 By Asad Zulfiqar and Alex Longley Exxon Mobil Corp., is avoiding hiring oil tankers that previously carried cargoes from Russia, putting itself in the same camp...
Insurers May Refuse to Cover Planes, Ships Exposed to Ukraine Conflict: Sources December 19, 2022 Insurers may refuse to cover planes flying to Ukraine or ships sailing through the Black Sea as reinsurers – who...
Could G-7 Sanctions Against Russia Have Unintended Insurance Consequences? December 16, 2022 By L.S. Howard The G-7 sanctions on Russian oil, which include a $60 per barrel price cap and restrictions on key services such...
Oil Tanker Owners Show Signs of Shunning Russia’s Crude in Response to G-7 Sanctions December 16, 2022 There are tentative signs that oil tanker companies are avoiding sending their ships to collect crude from a key Russian...
Ship Reinsurers to Cease Covering War-Related Risks Related to Conflict in Ukraine December 16, 2022 By Steven Arons, Áine Quinn and Alex Longley Some of the biggest names in ship reinsurance are days away from ceasing to cover key war-related risks for vessels...
Aston Lark Buys Commercial Direct Marine Trade Book From Navigators & General December 14, 2022 Aston Lark, a Howden company, announced the acquisition of the commercial direct marine trade book from Navigators & General (N&G),...
Insurers and Turkey Reach Deal to Let Oil Tankers Sail Unhindered: Norway’s Gard December 13, 2022 Norwegian ship insurer Gard said on Tuesday that an agreement had been reached between Turkey and insurers to enable vessels...
Russia Insurer Ingosstrakh Has No Plans to Fill Insurance Gap Caused by Sanctions December 13, 2022 Russian insurer Ingosstrakh said on Monday it has no plans to offer policies to new clients who may lose coverage...