Geopolitical Risks: Why Underwriters Are Watching Aggregations May 2, 2024 By George Barratt Executive Summary: With instances of violent unrest rising across the globe in recent years, property all-risk insurance programs bore significant...
Russia’s Baltika Sues Carlsberg Subsidiaries for Over $900M in Damages April 1, 2024 Russia’s Baltika Breweries has sued four Carlsberg subsidiaries for damages amounting to 6.24 billion Danish crowns ($902 million), Russian court...
Update: Foreign Firms’ Losses From Exiting Russia Top $107 Billion March 28, 2024 By Alessandro Parodi and Alexander Marrow The corporate exodus from Russia since its 2022 invasion of Ukraine has cost foreign companies more than $107 billion in...
Aviation Lessors Secure Settlements With Russia Totaling $2.5B for Trapped Planes January 31, 2024 Aircraft leasing firms have secured settlements with Russia totaling more than $2.5 billion for over a quarter of the roughly...
If China Invades Taiwan, It Would Cost World Economy $10 Trillion January 11, 2024 By Jennifer Welch, Jenny Leonard, Maeva Cousin, Gerard DiPippo and Tom Orlik War over Taiwan would have a cost in blood and treasure so vast that even those unhappiest with the status...
How Panama Fishing Boats Brought Mining Company First Quantum to its Knees December 1, 2023 By Valentine Hilaire For more than a month, a group of 16 fishing boats has been blocking a key port in Panama, choking...
Lloyd’s Leads Insurers in Raising Rates, Cutting Taiwan Cover as Conflict Risks Rise August 10, 2023 By Jonathan Saul and Carolyn Cohn Lloyd’s of London underwriters are leading insurers in raising rates and cutting the amount of cover they offer for risks...
Russian Carmaker GAZ Files Third Lawsuit Against Volkswagen May 8, 2023 Russian carmaker GAZ has filed a lawsuit worth 15.6 billion roubles ($200.5 million) against Volkswagen, court records show, adding to...
Russia’s Largest Cargo Airline Ordered to Pay Aircraft Lessor BOC Aviation $406.2M April 12, 2023 By Jonathan Stempel /A U.S. judge on Tuesday ordered Russia’s largest cargo airline to pay aircraft lessor BOC Aviation Ltd. $406.2 million after...
Russia’s GAZ Group Files $348M Suit Against Volkswagen April 10, 2023 The Gorky Automobile Plant, part of Russia’s GAZ Group which was contracted to assemble cars for Volkswagen, has filed a...