Viewpoint: War in Ukraine Hitting Solar and Wind Electric Power Sources May 31, 2022 By Thomas Johansmeyer The conflict in Ukraine has the potential to become an industry-defining event for the global renewables re/insurance sector. In addition...
Russian Oil’s Achilles’ Heel: Insurance May 25, 2022 By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO —Russia has so far deflected much of the impact of sanctions on its oil trade but the insurance...
Aircraft Lessors Begin ‘Vigorous’ Pursuit of Insurance Claims for Seized Jets in Russia May 11, 2022 By Padraic Halpin, Conor Humphries and Tim Hepheraircraft less Lessors with hundreds of jets stuck in Russia are preparing for what one said would be a “vigorous” pursuit of...
Ship Insurance Claims to Rise as Black Sea Remains High Risk Area: Allianz May 10, 2022 By Jonathan Saul Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine...
EU Seeks to Target Russia’s Global Oil Exports With Insurance, Services Ban May 4, 2022 By Nikos Chrysoloras, Alberto Nardelli, Alaric Nightingale The European Union is seeking to go beyond an import ban on Russian crude, targeting insurers in a move that...
Lessor Avolon Records $304M Impairment Over Russian Aircraft May 3, 2022 DUBLIN –– Major aircraft lessor Avolon recorded a first-quarter impairment of $304 million to cover the full financial impact of...
Sanctions Tighten Screws on Russia’s Sovcomflot as Ship Insurers Cut Cover April 29, 2022 By Jonathan Saul LONDON –– Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite,...
Exxon Declares Force Majeure on Russian Sakhalin-1 Operations April 27, 2022 By Florence Tan and Sabrina Valle Exxon Mobil Corp. said on Wednesday that its Russian unit Exxon Neftegas Ltd has declared force majeure for its Sakhalin-1...
As Russia Faces Potential Default, Investors Weigh Legal Options April 22, 2022 By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON –– As Russia teeters on the brink of a historic default, foreign investors in the country’s debt have...
Air Lease Says 21 Jets Stranded in Russia April 12, 2022 Air Lease Corp. said on Tuesday it has 21 jets remaining in sanctions-hit Russia, two weeks after a Western deadline...