Russia-Ukraine Conflict – Page 2
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News
Marsh ‘exploring options’ after cover for Ukrainian shipments suspended
The cover was suspended following the expiration of the Black Sea Grain Initiative
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Marsh McLennan to help Ukrainian government access global insurance market
’I am proud that our colleagues are standing together with the people of Ukraine to help them to recover as quickly as possible,’ says chief executive
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Lloyd’s, Aon and VIG team up to support Ukraine’s recovery and reconstruction
’We can help strengthen Ukraine’s economic resilience as it recovers and rebuilds,’ says chief executive
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Airline insurance market seeing significant pricing pressure – Gallagher Specialty
The airline insurance market is ‘experiencing a shift due to various factors’ that impact the industry
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Reduced risk appetite for political violence amid increasingly ‘unpredictable’ landscape – Howden
Specialist insurance broker Howden says reinsurers have taken a financial hit in recent years
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Marine insurance sector’s role in Ukrainian grain shipments has ‘saved lives’
Vital shipments of grain to support the global food market have been backed by the insurance sector, but a treaty is now under threat
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Cyber criminals take aim at geopolitical targets and IT supply chain – CyberCube
Financial services which includes insurance remains one of the most heavily targeted industries according to CyberCube’s report
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News Analysis
Briefing: Marine insurers hope Ukraine war anniversary will not leave them in sea of claims
With vessels still stranded in Ukrainian ports, there is a very real risk of marine hull claims following the conflict’s one year anniversary this month
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Ransomware and cyber war wording innovation named in 2023 tech predictions – DAC Beachcroft
Cyber war endorsements could invite innovation, says the law firm
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Climate change, cyber risks and ESG top sector challenges for 2023 – RPC
Climate change, ESG concerns and cyber risks all take their place in the key trends to look out for this year
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UK economy set for 2023 recession amid ongoing inflation and energy crisis – Allianz Trade
Business insolvencies in the UK reflect inflationary pressures and high energy costs, according to Allianz Trade’s chief executive
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News Analysis
Gerry Ross: Commercial motor sector still going through the gears in face of ‘systemic’ challenges
Historic data for pricing is ’no longer applicable’, says Allianz head of motor
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Marine market will see ‘more restrictive capital’ and ‘narrower policies’ in 2023 – Concirrus
The impact of the war in Ukraine is likely to continue to affect marine lines next year, says chief executive
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News
Cadbury owner settles legal battle with Zurich over $100m NotPetya cyber claim
The debate around state-backed cyber attacks has progressed due to the Russia-Ukraine conflict, highlighting the need for ‘proper’ cyber cover
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News Analysis
Isabelle Santenac: Insurance sector must throw its weight behind the green energy transition
However, the industry cannot abdicate its responsibility to protect the world’s current energy supply, says global insurance leader
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News
Lloyd’s and Aon urge industry to build customer resilience amid Russia-Ukraine war
The pair will be establishing an innovation forum
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Lloyd’s of London resets systems following potential cyber attack
The international insurance marketplace detected ‘unusual activity’ on its network last night, it told Insurance Times
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Lloyd’s receives approval for cyber syndicate as it targets pragmatic growth
The market is developing ‘realistic disaster scenarios’ to prepare for potential threats, added chief of markets
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News
‘Temporary’ government energy bill support does not avert risk of insolvency for UK businesses
Commercial insurance clients may now have to make operational decisions to survive tough economic times, say insurers
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News
Lloyd’s of London’s reserving for Ukraine crisis is a 'sensible reserve position’
Lloyd’s had arrived at its reserving figure for Ukraine-related claims via a ’probability weighted exposure reserving method’, says chief financial officer