Ukraine War
As events in Ukraine unfold at a rapid pace and sanctions on Russia start to bite, Insurance Day offers the best insight, analysis and commentary on how the crisis is impacting insurance markets
Managing geopolitical risk in unprecedented times
From conflicts in Ukraine and the Middle East to emerging threats from China and the US, few underwriters have faced a geopolitical landscape as dynamic as it is now
Europe’s geopolitical turbulence requires a risk manager’s mindset
Co-chair of the European Council on Foreign Relations addresses risk managers on the geopolitical tensions they face
Black Sea war risk rates heading north following Russian attacks
Insurers fear there might be a deliberate shift toward targeting merchant vessels
Lloyd’s CEO: insurers 'uniquely placed to provide leadership'
Neal says corporate leaders are listening anew to insurers and says Lloyd’s has no ‘specific concern’ about US elections
War risk proceeds propping up marine hull market
A windfall worth hundreds of millions of dollars to marine underwriters is being used to keep prices down in other lines, brokers contend
Black Sea war risk pricing drops sharply but fears grow of attacks over summer
Underwriters’ confidence boosted by enhanced Ukrainian command of waterways and state subsidies to reduce marine insurance premiums
Net-zero goals are creating ‘new shipping supercycle’
QBE Asia’s head of marine, Rama Chandran, says converting to new fuels and technology will ignite strong growth for the sector
Denmark in talks to curb ‘problem’ dark fleet tankers shipping Russian oil from waters
Some 3.3m barrels per day of crude, fuel oil, diesel and gasoline were exported from Russian Baltic ports through the Danish Straits over the past 12 months, with at least 37% of tankers sailing through the region having unknown insurance
Ingosstrakh considers legal action after UK sanctions
Russian insurance giant insists it operates ‘in strict compliance with all applicable legislation and follows all due compliance procedures’
Aon unveils $350m insurance programme for Ukraine
New $50m reinsurance facility will enable US International Development Finance Corporation to reinsure war-related risks and advance insurance capacity in Ukraine
LMA issues new Russian oil price cap wording
The new wording intends to address confusion caused by ‘rapid amendments’ driven by legislative changes
European Commission mulls sanctions on Ingosstrakh
Russian insurer providing cover for crude exports insists it is fully compliant with sanctions
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