Russia-Ukraine Conflict – Page 2
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NewsUK 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 AnalysisGerry 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Historic data for pricing is ’no longer applicable’, says Allianz head of motor
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NewsMarine 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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NewsCadbury 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 AnalysisIsabelle 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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NewsLloyd’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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NewsLloyd’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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NewsLloyd’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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NewsLloyd’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
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NewsClimate change discussion is ‘more urgent than ever before’ to gain independence from Russia
Reinsurer cites dual motivations as to why climate change and the transition to net zero carbon emissions needs to be pushed up global agendas
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NewsRussia’s sovereign internet could see cyber insurance implications – CyberCube
A sovereign Russian internet could lead to cybercriminal safe havens which could see implications for cyber insurance according to the latest report from CyberCube published today (12 September 2022).
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AnalysisBriefing: Russia-Ukraine conflict takes toll on insurers’ half-year results
Insurers are preparing for further losses as Russia continues to hold on to leased planes
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NewsMarsh and Ascot Group deliver first placement of marine cargo and war insurance
The facility is now available to clients of Lloyd’s of London registered brokers
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NewsLloyd’s of London sets cyber policy exclusions for state-backed attacks
Managing agents must show that exclusion clauses have been legally reviewed
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NewsAxa prepares for ‘potential claims’ from Ukraine and Russia war through exposed lines
Some of the insurer’s crisis management policies, for example, have been ‘triggered because of the war in Ukraine’, says group chief financial officer
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NewsAxa’s UK and Ireland P&C revenue grows by 3% in H1 2022
The insurer’s group deputy chief executive additionally outlines two ‘headwinds’ impacting Axa’s group-wide P&C COR of 93.7%
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NewsHiscox results reflect mixed bag for H1 2022
The insurer’s underwriting result improved by 23.4%, despite conflict and nat cat driven losses
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NewsBeazley posts 2022 half-year COR of 87%
The insurer is actively managing ’inflation and recession’, says chief executive
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AnalysisInsurers must be alert to the threat of physical damage from cyber attacks
Recent cyber attacks on a number of Iranian steel plants evidence the dangers these events can pose to physical infrastructure - this should serve as a warning to insurers
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