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...
Reuters – Oil Traders to Cut Russia Oil Purchases to Avoid Falling Foul of EU Sanctions April 14, 2022 By Julia Payne Major global trading houses are planning to reduce crude and fuel purchases from Russia’s state-controlled oil companies as early as...
Air Lease Says 21 Jets Stranded in Sanctions-Hit Russia April 13, 2022 Air Lease Corp. said on Tuesday it has 21 jets remaining in sanctions-hit Russia, two weeks after a Western deadline...
Cost of Insurance for Merchant Ships Sailing to Black Sea Ports Spirals Out of Control April 11, 2022 By Ann Koh and Alaric Nightingale The cost of insuring merchant ships sailing to ports in the Black Sea has spiraled out of control, becoming a...
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...
Russia Credit Insurance Signals Record 99% Chance of Default Within Year April 7, 2022 By Laura Benitez The cost of insuring Russia’s government debt surged to signal a record 99% chance of default within the year after...
Inflation a ‘Major and Growing Concern’ for Reinsurers April 4, 2022 With buyers’ needs for capacity stable and remaining within the collective appetites of reinsurers, April 1 reinsurance renewals were orderly,...
Mediterranean Marine Fuel Suppliers Stop Serving Russian Ships: Sources April 4, 2022 By Jonathan Saul Marine fuel sellers have stopped serving vessels flying the Russian flag at major European hubs including Spain and Malta in...
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...
Ukraine Urges Marine Insurers to Withdraw Coverage for Russian Shipping Companies March 31, 2022 By Benjamin Robertson The Ukrainian government has asked international marine insurers to stop all dealings with shipping companies carrying Russian fossil fuels in...