All Russia articles
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NewsNavigating the oil price cap changes in the shipping industry
Insurers play a pivotal role in assessing and mitigating risks associated with sanctions violations, and adjustments to the OPC scheme were effective from February, writes Daniel Tadros, chief operating officer, The American Club.
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NewsRising political risk for emerging market manufacturing hubs - Verisk Maplecroft
Heightened political risks are overshadowing a ‘friendshoring’ shift, according to report data from Verisk Maplecroft.
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NewsZurich to sell Russian business and exit market
Insurer is selling the business, which will operate independently, to members of the unit’s team
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NewsInsurance industry braces for soaring payouts from war in Ukraine
Stranded planes, battered ships, bombed-out buildings and unrecoverable debts created by Russia’s invasion of Ukraine have left the global insurance industry braced for soaring payouts and protracted legal disputes. The war in Ukraine could cost insurers billions of dollars in claims, with the aviation insurance sector alone facing potentially the ...
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NewsMarsh pulls all Russian business
Intermediary business Marsh McLennan has decided to cease and exit all its businesses in Russia, following the state’s invasion of Ukraine last month (February 2022).
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NewsFitch warns of spillover cyberattacks
Cyberattacks on businesses and government agencies have increased following the Russian invasion of Ukraine
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NewsTrade credit insurers pull back from Russia and Ukraine
Trade credit insurers have been pulling back from insuring goods or services that are being exported to Ukraine and Russia due to the ongoing conflict, which escalated in February 2022.
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NewsUkraine crisis forces supply chains to rebuild
As nations join the wall of sanctions against Russia, its success will depend on building new lines of delivery
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NewsLloyd’s issues catastrophe warning amid sanctions move
As Lloyd’s of London was thrust into the front line of the sanctions fight against Russia, the market announced that it planned to get tough with syndicates and managing agents over their ability to understand and factor climate change into their underwriting.
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NewsGovernment to impose sanctions preventing UK insurers and reinsurers covering Russian firms
The UK government is set to bring in further legislation to prohibit UK-based insurance and reinsurance providers from dealing in financial transactions connected with Russian entities.
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NewsAM Best takes negative rating action amid Russia-Ukraine tensions
Credit rating agency AM Best has placed under review the financial strength rating (FSR) and long-term issuer credit rating of several Russian insurance companies.
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NewsUkraine invasion puts cyber resilience to the test
Firms urged to improve cyber resilience as governments anticipate rise in state-sponsored attacks - MyCena
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NewsUkraine conflict hits supply chains as oil prices surge
Energy prices, supply chain issues, travel disruption, inflation, ESG issues and business continuity are just some of the risks to navigate
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NewsLloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Lloyd’s of London could be facing a “sizeable” loss from its $2bn share of the political risk insurance market during the ongoing Russian and Ukraine war.
