EU officials propose new ban on ships carrying Russian oil
Oil and gas revenues accounted for nearly half of Russia’s federal government budget last year
Russia-Ukraine conflict sees Beazley predict £41m plunge
The insurer’s chief executive, however, ‘remains confident’ in its combined ratio guidance for 2022
Axa’s property and casualty revenue up 2% despite ongoing Russia-Ukraine tensions
The group’s chief financial officer says it has stopped writing all new insurance business for Russia
Briefing: Stable it may be, but London needs real modernisation momentum
Frictional costs in the capital are still too high, despite credit rating agency listing market positives
WTW suffers $138m financial hit on Russian business exit
The broker saw a 3% dip in its revenue compared to the same period last year as a result
Lloyd’s of London faces legal battle after Putin ‘swipes’ 500 planes
In March, the Treasury banned UK insurers and reinsurers from serving Russian firms
Gallagher reports 14% UK organic growth for Q1 2022
The broker estimates sanctions and its compliance with them will adversely impact its full year 2022 brokerage segment annual revenues by up to $10m
Government proposals to scrap annual MOTs could see increase in ‘unroadworthy vehicles’
Although the proposed change could save £55 a year, this could lead to more unsafe cars on the road which could subsequently increase insurance premiums
UK cyber insurance pricing up by 102% – Marsh
The Russia-Ukraine war has put pressure on the insurance market
Businesses caught in cyber crossfire of Russia-Ukraine conflict cannot rely on insurance for protection – Databarracks
Businesses should focus on their resilience to cyber attacks as acts of war are excluded from cyber insurance cover
Credit ratings agency retains stable outlook for London market
Market trends are expected to exert a ’neutral influence’ on London market firms