Claims Inflation, Weakening Price Momentum Could Hit Reinsurer, London Mkt Profits April 21, 2022 The global reinsurance and London market sectors face increased risks from rising claims inflation, financial market volatility and weakening price...
Medical Gear Deliveries to Russia Hit by Sanctions-Related Insurance, Transport Hurdles April 21, 2022 By Francesco Guarascio Exports of essential medical devices Russia is dependent upon from the West have been partly restored, reducing the immediate risk...
IMF Sees No ‘Bounce Back’ for Russia Economy, Expects More Damage if Sanctions Escalate April 20, 2022 By Andrea Shalal Russia’s economy will not recover anytime soon from sweeping sanctions imposed by Western nations over its war in Ukraine, and...
Update: Greece Seizes Russian Crude Oil Tanker as Part of EU Sanctions April 19, 2022 By Eric Martin Greece has impounded a Russian oil tanker off the island of Evia, the Greek coastguard said on Tuesday, as part...
SCOR Warns of Ukraine Conflict Impact on Q1 2022 Results April 18, 2022 Paris-based reinsurer SCOR said the company expects a first-quarter 2022 charge in the high double-digit million euros range for potential...
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...
Societe Generale to Exit Russia With Sale of Stake in Rosbank and Insurance Units April 11, 2022 Societe Generale said on Monday it had agreed to sell its stake in Rosbank and the Russian lender’s insurance subsidiaries...
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...