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
Russia crude ban would cost marine underwriters hundreds of millions of dollars
EU measures likely to shut down the trade in most cases, as legal profession mulls scope for lawful workarounds
Shadow fleet vessels raise insurance coverage concerns
The recent seizures of shadow fleet vessels have both legal and geopolitical consequences with significant environmental, navigational and insurance risks
Aon and Kniazha VIG launch $25m Ukraine war risk facility
Reinsurance facility with International Development Finance Corporation will enable Kniazha VIG to provide war-risk insurance products to SMEs and individuals in Ukraine
Black Sea attacks intensify with three tankers hit
Three ships were attacked on January 13 off Novorossiysk, two near the Caspian Pipeline Consortium
Sky’s the limit with a tactical nuke
Gallagher’s Nigel Weyman discusses the broker’s insurance facility that would enable airlines to continue to fly following the use of a tactical nuclear device
Okeanis unfazed by ‘shadow fleet’ threat in event of Ukraine ceasefire
Chief executive Aristidis Alafouzos says return of sanctioned tankers to normal trading ‘almost impossible’
Russia sanctions: try, try and try again
After 17 previous goes, Brussels may even be starting to get things right
Threats to Russian oil flows intensify but exports keep chugging along
It looks like the status quo will prevail for Russian exports of crude and products. US president Donald Trump’s threat of eventual tariffs on buyers of Russian exports is being viewed, for now, as a non-event
Rethinking insurance in wartime Ukraine
Most Ukrainian insurers now offer some form of coverage for war-related risks and are engaging international partners in specific projects and products
Marine insurers underwrite Russia tanker calls after crude prices fall below cap
Shipowners more confident about doing such fixtures without risk of inaccurate attestations, P&I club lawyer says
MS Amlin binds Ukraine reinsurance war risk facility
Lloyd’s carrier was first re/insurer to sign up to facility, which was launched last December
A world in crisis: understanding the risk landscape in 2025
This year is already set to go down as one of geopolitical realignment on a scale not seen in decades
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