Property Catastrophe Reinsurance Entering a True Hard Market September 13, 2022 By Robert Mazzuoli and Brian C. Schneider, Fitch Ratings Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...
EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies September 7, 2022 BRUSSELS/VLADIVOSTOK, Russia – The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing September 7, 2022 By Sinead Cruise and Iain Withers Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power...
G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role September 2, 2022 By David Lawder Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian...
Exxon Begins Legal Action After Putin Blocks Its Final Russian Exit August 31, 2022 By Kevin Crowley Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major...
Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor August 25, 2022 By Bloomberg News Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of...
Rising Inflation to Hit Profits of European P/C Insurers: GlobalData August 23, 2022 Rising inflation in Europe, which jumped to 8.9% in July 2022, the highest in 25 years, will hurt the profitability...
Lloyd’s Insurer Ascot, Marsh Provide Coverage for Grain Ship Sailing From Ukraine August 23, 2022 By Noor Zainab Hussain Broker Marsh and Lloyd’s of London insurer Ascot said on Tuesday they have provided coverage for a vessel carrying grain...
War-Damaged Ukraine Nuclear Plant Could Threaten Europe’s Energy Grid August 19, 2022 By Jonathan Tirone Diplomats concerned about an atomic accident at a war-damaged nuclear power plant in Ukraine should also turn their attention to...