Lloyd’s Insurer Lancashire Sees Manageable Russia-Ukraine Losses April 28, 2022 By Carolyn Cohn Shares in Lloyd’s of London insurer Lancashire jumped nearly 10% on Thursday as it estimated net losses in Ukraine at...
India’s ONGC Struggles to Ship Russian Oil to Asia as Sanctions Bite: Sources April 28, 2022 By Nidhi Verma and Jonathan Saul India’s Oil and Natural Gas Corp. (ONGC) is struggling to find a vessel to ship 700,000 barrels of crude from...
Exxon Mobil Declares Force Majeure on Its Russian Sakhalin-1 Operations April 28, 2022 Exxon Mobil Corp. said on Wednesday its Russian unit Exxon Neftegas Ltd. has declared force majeure for its Sakhalin-1 operations...
Air Lease to Write Off Value of 27 Jets Stranded in Russia April 25, 2022 Air Lease Corp. said on Friday it would write off the value of the 27 jets it has remaining in...
ESG, Invasion of Ukraine Focus of Marsh McLennan Earnings Call April 22, 2022 By Chad Hemenway Much attention was paid to ESG (environmental, social, and governance) issues and the Russian invasion of Ukraine as Marsh McLennan...
India Halves Fundraising Goal to $3.9B for Life Insurance Corp.’s IPO: Source April 22, 2022 By Aftab Ahmed New Delhi is halving its fundraising goal for Life Insurance Corp. of India’s IPO to 300 billion rupees ($3.9 billion),...
Impounded Russian Tanker to Be Released by Greece Amid Confusion Over Sanctions April 22, 2022 By Renee Maltezou and Jonathan Saul A Russian tanker impounded by Greece this week and reportedly carrying Iranian oil will be released amid confusion about sanctions...
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...