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...
Russian Court Freezes Volkswagen Assets in Russia March 21, 2023 By Gleb Stolyarov A Russian court on Monday froze all Volkswagen assets in Russia, in the latest obstacle to the German carmaker’s year-long...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead March 16, 2023 By Robert Burnson Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after...
Aircraft Lessor AerCap Says Russian Airlines Proposing Settlements for Stranded Jets March 3, 2023 Aircraft lessor AerCap said on Thursday it had been approached by Russian airlines and their insurance companies about possible settlements...
U.S. Firms in Taiwan Making Business Continuity Plans Amid Tensions With China February 7, 2023 Almost half of companies surveyed by the American Chamber of Commerce (AmCham) in Taiwan are revising or plan to revise...
Intercontinental Exchange to Start Rival London Gas Market to Dodge EU Price Cap January 30, 2023 By John Ainger Intercontinental Exchange Inc. will open a parallel natural gas market in London to help traders avoid potential disruptions from new...
Aircraft Leasing Companies Cautious About Risky Markets After $10B Hit in Russia January 23, 2023 By Conor Humphries and Padraic Halpin Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after...