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...
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...
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...
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...
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...
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...
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...
Insurance-Related Oil Tanker Backlog Starts to Clear in Turkey’s Vital Shipping Strait December 12, 2022 By Alex Longley and Alaric Nightingale A backlog of tankers waiting to haul oil through Turkey’s vital shipping straits appeared to start clearing, offering hope that...