Nord Stream Sues Insurers in London Over 2022 Pipeline Blasts March 12, 2024 Nord Stream is seeking more than 400 million euros ($436 million) from its insurers over explosions in 2022 which ruptured...
Russia Oil Fleet Shifts Away From Liberia, Marshall Island Flags as Sanctions Ramp Up March 6, 2024 By Jonathan Saul and Timothy Gardner Dozens of oil tankers used by Russia have stopped sailing under the Liberian and Marshall Islands flags in recent weeks...
Marsh McLennan, Ukraine, Lloyd’s Expand Insurance Facility for Non-Military Shipments March 1, 2024 Insurance broker Marsh McLennan, the Ukrainian government and Lloyd’s have announced a major expansion of the Unity insurance facility –...
Companies in Ukraine See Problems Pile Up; Insurance Issues Make Matters Worse February 29, 2024 By Marc Jones and Olena Harmash German supermarket chain Metro and its 3,400 employees in Ukraine have worked hard to get their business back to where...
Russia’s Aeroflot Finalizes Insurance Settlement for 7 More Planes February 16, 2024 Russia’s Aeroflot has finalized insurance settlements with leasing companies for seven more planes, it said on Friday. Planes leased by...
Update: Tankers Tied to the Russian Oil Trade Grind to Halt Following US Sanctions February 13, 2024 By Julian Lee and Alex Longley A chunk of the vast fleet of tankers that Russia uses to deliver its crude oil is grinding to a...
Swiss Re, Others, Drop Call for Moscow Aviation Dispute Hearing February 7, 2024 By Carolyn Cohn and Kirstin Ridley Swiss Re is among a growing list of reinsurers to drop its demand that a near $10 billion battle with...
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...
Grain Insurance Program Could Be Blueprint for Ukraine’s Return to Air Travel: Doyle January 19, 2024 Ukraine is working “intensively” with partners to restore air travel suspended for nearly two years, with the main focus on...
Russia Allocates Another $1.23B to State Company Buying Planes From Western Lessors January 18, 2024 Russia has allocated an additional 107.7 billion roubles ($1.23 billion) from its rainy day fund to a state company that...