The shift of countries’ focus ‘from efficiency onto justice’ is providing shipping companies and investors with a once-in-decades opportunity. But big risks, including the geopolitical wild cards, could easily derail the rosy prospects
Munich Re’s peers recorded substantially higher rate increases at April 1, but it was Swiss Re that recorded the largest insured losses from the Ukraine war, Insurance Day's analysis reveals
Trade credit losses make up bulk of carrier's war exposures, as high nat cats and compensation for investors send Q1 result plunging to €600m
Swiss insurance giant says Ukraine war exposure ‘immaterial’ and expects rate rises to exceed loss cost trend into 2023
Russia's invasion of Ukraine has brought to the fore the risks of geopolitical conflict for corporates and their insurers
Axa XL Re revenues down 12% in Q1 as carrier continues to trim catastrophe exposure
Paris-based reinsurance giant reserves €85m for Ukraine losses as it continues to rebalance away from catastrophe business
London market heavyweight estimates Ukraine war losses at $50m excluding aviation as it books better-than-expected premium growth in Q1
Reinsurance giant puts industry insured losses from the conflict at around $10bn to date, as it books loss reserves of $283m for the war, split between its P&C Re and Corporate Solutions businesses
London market giants says net reserve estimate is mainly IBNR as incurred losses are 'minimal'. Group gross written premiums rise 10% as Re and ILS revenues soar
Sovcomflot’s status as a sanctioned Russian company will limit the available buyers ready to engage in quick sales. The result may see vessels end up joining the veteran fleet of tankers registered to opaque networks of companies linked to sanctioned Iranian and Venezuela shipments
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