The reserve hike is a result of an increase in information compared with the first quarter of the year
Britain’s Ofsi expected to move towards US approach – forbidding transactions with named individuals, companies and entities – rather than emulate EU blanket ban
Major losses amounted to €850m, smashing the company’s expectations of €611m, with €316m connected to the Ukraine war
All eyes are on the ageing bulk carrier Razoni, carrying 26,000 tonnes of corn destined for Lebanon, but also the weight of a unique and tentative diplomatic deal to allow vessels safe passage through a war zone
War risks insurers ready to provide coverage, LMA marine head says, as Ascot launches marine cargo and war facility
Insurers waiting for the detail of standard operating procedures to be clarified before they will underwrite shipments
Plans are currently underway for the departure of the first ships carrying Ukrainian grain along the newly agreed maritime corridor
London market heavyweight books best interim combined ratio in seven years and updates guidance but investment market volatility hits profits
While many political risks covers would not be activated, some insurance wordings could potentially apply – but mounting such claims would not be easy, Fitch says
While reduced gas supplies will disrupt companies’ operations, business interruption covers will not be triggered as there will be no physical damage, analysts at Jefferies say
Optimism is growing that a deal to secure vessels exporting grain from Ukraine could be agreed imminently with the help of Turkish inspections
Division within the EU has left the Russian Maritime Register in a limbo state — at once subject to direct financial sanctions, but also remaining an EU ‘recognised organisation’ able to act on behalf of EU member states
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