Munich Re Exits From Russian, Belarusian Business March 16, 2022 Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia’s attack on...
Bermuda Suspends Permits for Russian Planes March 16, 2022 Bermuda’s aviation regulator said it is suspending certification of all Russian-operated airplanes registered in the British overseas territory due to...
Russia, Belarus Represent Less Than 1% of Business Transacted by Lloyd’s March 15, 2022 Russia and Belarus represent less than 1% of business transacted by Lloyd’s of London, the commercial insurance market said, adding...
Generali Reports Record Operating Profit in 2021, as Board Battle Looms March 15, 2022 Italy’s top insurer Generali, facing a power struggle over its management, said on Tuesday it posted record operating profit last...
WTW Is Latest Big Insurance Broker to Withdraw From Russia March 14, 2022 Global insurance broker Willis Towers Watson (WTW) announced on Sunday that it will withdraw from all of its businesses in...
Russia Dropped From World’s Top Association of Ship Certifiers as Sanctions Deepen March 14, 2022 The world’s top association of ship certifiers has withdrawn membership from the Russia Maritime Register of Shipping (RS) due to...
India Plans to Launch Life Insurance Corp.’s Delayed IPO in April: Sources March 14, 2022 By Manoj Kumar and Aftab Ahmed India aims to launch its $8 billion listing of state-run Life Insurance Corp. (LIC) by mid-April, two government sources said,...
Swiss Re, Allianz, Other European Financial Services Firms Turn Their Backs on Russia March 14, 2022 By Tom Sims, Simon Jessop and Paul Arnold Allianz and Swiss Re said on Monday they were cutting back on Russian business as European financial institutions turn their...
Norwegian Ship Certifier DNV Winds Down Russia Business March 11, 2022 Norway’s DNV, one of the world’s top ship certifiers, is winding down its Russia business and reviewing all existing contracts...
Aircraft Lessors Face Legal Quagmire on Russia Jet Repos. Will Insurers Provide Relief? March 11, 2022 By Tim Hepher, Engen Tham and Carolyn Cohn Global leasing companies staring at an imminent sanctions deadline to repossess more than 400 jets worth almost $10 billion from...