London’s Marine Insurers Widen High-Risk Shipping Areas as Ukraine Conflict Escalates March 9, 2022 By Jonathan Saul London’s marine insurance market has widened the area of waters around the Black Sea and Sea of Azov that it...
Britain Unveils New Aviation Sanctions Against Russia March 9, 2022 Britain unveiled new aviation sanctions on Wednesday which give the power to detain any Russian aircraft and banning exports of...
As Foreign Seafarers Are Evacuated From Ukraine, Mariners Count Cost of War March 8, 2022 By Jonathan Saul and Ruma Paul Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port...
Russia’s Sovcomflot Re-routes Tankers to Bahamas Amid Growing Sanctions March 8, 2022 By Marianna Parraga At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to...
EXPLAINER – How Sanctions Against Russia Are Hitting Global Aviation Industry March 8, 2022 By Jamie Freed Russia’s size and close integration into the global aviation industry since the end of the Cold War means sanctions related...
Insurers Urged to Stress Test Cyber Portfolios for Russian Attack Potential March 7, 2022 By Chad Hemenway Cyber risk and analytics firm CyberCube said it has seen cyber attacks on Ukrainian government services, infrastructure, and other industries...
Russian Cyberattacks May Test Insurer War Exclusion Policy Language March 4, 2022 The Russian invasion of Ukraine has increased the risk of cyberattacks and potential claim costs for property/casualty (P/C) insurers globally...
China Instructs State Insurers to Review Exposure to Russia, Ukraine March 4, 2022 By Ye Xie and Selena Li China has told top state insurers to perform urgent checks on their exposure to Russia and Ukraine, as concerns swirl...
London Halts Stocks, Trade Insurers Withdraw Cover as Isolation of Russia Intensifies March 4, 2022 By Lawrence White and Carolyn Cohn Russia’s global financial isolation intensified on Friday as the London Stock Exchange (LSE) suspended trading in its last Russian securities...
Italian Insurer Generali to Pull Out of Russia, Give Up Seats on Russian Insurer Board March 4, 2022 Leading Italian insurer Generali said on Thursday it was pulling out of Russia after Moscow’s invasion of Ukraine, while Intesa...