Aon and EBRD Launch €110M Facility to Provide Cover for War-Related Risks in Ukraine December 12, 2024 Insurance broker Aon and the European Bank for Reconstruction and Development (EBRD) have structured a €110 million (US$115.6 million) facility...
Sweden Probe Into Broken Cable Advances as Seabed Study Winds Up November 22, 2024 By Christopher Jungstedt Sweden’s Navy completed a survey of the seabed near one of the damaged data cables in the Baltic Sea as...
Finland and Lithuania Report Severed Undersea Data Cables November 19, 2024 By Leo Laikola, Kati Pohjanpalo and Milda Seputyte An undersea data cable connecting Finland and Germany was cut in the early hours of Monday by what was likely...
UK Warns of Grain Threat After Russia Steps Up Port Attacks October 23, 2024 By Ellen Milligan An increase in Russian attacks on Ukrainian port infrastructure in recent weeks threatens food shipments to destinations from Gaza to...
Russian Missile Hits Fourth Cargo Ship in Ukraine This Month October 15, 2024 By Olesia Safronova and Áine Quinn A Russian missile hit a fourth cargo ship in Ukraine this month, as the Kremlin ramps up its attacks on...
Insurance Claims Confirm Many Israeli Structures Damaged in Iran Attack October 15, 2024 By Galit Altstein Damage to private property from Iran’s recent missile barrage on Israel amounted to 150 million to 200 million shekels ($40...
Russian Strikes on Ukraine’s Ports Push Up Insurance Rates: Market Sources October 10, 2024 By Pavel Polityuk and Jonathan Saul A series of Russian missile strikes on Ukrainian Black Sea port infrastructure and commercial vessels has led to a jump...
Geopolitical Conflict Could Cost Global Economy $14.5 Trillion Over 5 Years: Lloyd’s October 10, 2024 By L.S. Howard The global economy could be exposed to losses of US$14.5 trillion over a five-year period from the threat of a...
Houthis Warn Shipowners in New Phase of Red Sea Campaign: Prepare to Be Attacked October 3, 2024 By Renee Maltezou and Jonathan Saul On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an...
AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off October 3, 2024 By Kirstin Ridley and Sam Tobin Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the...