Kazakhstan’s Flagship Air Carrier Suspends Flights to Russia Amid Insurance Issues March 11, 2022 Kazakhstan’s flagship carrier, Air Astana, has suspended all flights to Russia and over Russian territory because such flights can no...
Top Ship Certifier Lloyd’s Register Withdraws Services to Russia March 11, 2022 Lloyd’s Register, one of the world’s top ship certifiers, is stopping services to Russia after sanctions were imposed on Moscow...
Update: Marsh McLennan to Exit Businesses in Russia; Aon Suspends Operations March 10, 2022 Marsh McLennan, the world’s largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while...
Russia’s Invasion of Ukraine to Spur More Claims Inflation: Moody’s March 10, 2022 Although insurance penetration in Ukraine and Russia is low, global insurers will face secondary impacts from greater financial market volatility...
AM Best Raises Country Risk Level for Russia March 10, 2022 The insurance rating firm AM Best said it has moved its country risk tier for Russia to a CRT-5 from...
Private Jet Linked to Russian Billionaire Impounded as UK Deepens Aviation Sanctions March 9, 2022 Britain said on Wednesday it had impounded a plane connected to a Russian billionaire under new aviation sanctions which give...
Sanctions Against Russia ‘Manageable’ for UK Insurers, Banks: Regulator March 9, 2022 By Huw Jones Sanctions against Russia in response to its invasion of Ukraine are “manageable” for Britain’s insurers and wider financial sector, Bank...
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...