Dominica-Flagged Cargo Ship Sinks in Ukrainian Port of Mariupol After Missile Attack April 6, 2022 By Jonathan Saul A Dominica-flagged cargo ship sank on Tuesday in the besieged southern Ukrainian port city of Mariupol after being targeted by...
Reinsurers to Bear Brunt of Australia Flood Claims: AM Best April 5, 2022 The majority of gross losses from recent devastating flooding in Australia likely will be borne by reinsurers with limited impact...
Global Insurers Want to Increase Private Equity Investments, as Inflation Hits Portfolios April 5, 2022 Insurers want to put more money into private equity this year as they contend with rising inflation and its effects...
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...
UK Expands Sanctions That Target Russian Oligarchs’ Jets and Yachts March 31, 2022 Britain put in place new legal powers on Wednesday to prohibit maintenance on aircraft and ships belonging to specific sanctioned...
Analysis – Cyber Insurers Face Large Ukraine War-Related Claims Despite Exclusions March 31, 2022 By Carolyn Cohn and Noor Zainab Hussain Insurers face potential multi-billion dollar claims for cyber attacks related to Russia’s invasion of Ukraine, despite policy wording designed to...
Aircraft Leasing Firm AerCap Files $3.5B Insurance Claim for Jets Stuck in Russia March 30, 2022 By Siddharth Philip AerCap Holdings NV, the world’s largest aircraft-leasing firm, is seeking about $3.5 billion from insurers related to jets and engines...