All Ukraine articles – Page 2
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NewsMarkel reveals Q1 investment losses
The reinsurance company saw an improvement in its combined ratio despite losses relating to Russia-Ukraine
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Commercial rates rise for the 18th consecutive quarter
Hard market is beginning to moderate but inflationary pressure could impact pricing going forward - Marsh
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Fitch lowers reinsurance sector outlook to neutral
Russia-Ukraine war represents a “mid-sized catastrophe event” as hard market begins to ease
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AM Best puts Italian insurers on negative outlook
Economic uncertainty, declining profitability and elevated risk profiles are causes for concern
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PCS: Ukraine losses to exceed $20 billion
Ultimate losses will likely be much higher with potential for the conflict to surpass 9/11
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Marine war, property and aviation exposed to Ukraine losses
With ports closed and commercial shipping activities reduced, less impact on marine liability is anticipated - Miller
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AIG looks to pull back from Russia and Ukraine
The insurance giant is understood to be considering adding exclusion clauses to policies for firms operating in the region
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Ukraine crisis adds to inflation risk for insurers
Persistently high inflation will increase P&C insurers’ claims, eroding their earnings - Moody’s
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Orderly renewal at 1 April - Gallagher Re
Capacity largely sufficient in most classes as inflation becomes a key topic
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Insurance industry braces for soaring payouts from war in Ukraine
Stranded planes, battered ships, bombed-out buildings and unrecoverable debts created by Russia’s invasion of Ukraine have left the global insurance industry braced for soaring payouts and protracted legal disputes. The war in Ukraine could cost insurers billions of dollars in claims, with the aviation insurance sector alone facing potentially the ...
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Marsh pulls all Russian business
Intermediary business Marsh McLennan has decided to cease and exit all its businesses in Russia, following the state’s invasion of Ukraine last month (February 2022).
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Fitch warns of spillover cyberattacks
Cyberattacks on businesses and government agencies have increased following the Russian invasion of Ukraine
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Trade credit insurers pull back from Russia and Ukraine
Trade credit insurers have been pulling back from insuring goods or services that are being exported to Ukraine and Russia due to the ongoing conflict, which escalated in February 2022.
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Ukraine crisis forces supply chains to rebuild
As nations join the wall of sanctions against Russia, its success will depend on building new lines of delivery
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Lloyd’s issues catastrophe warning amid sanctions move
As Lloyd’s of London was thrust into the front line of the sanctions fight against Russia, the market announced that it planned to get tough with syndicates and managing agents over their ability to understand and factor climate change into their underwriting.
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Government to impose sanctions preventing UK insurers and reinsurers covering Russian firms
The UK government is set to bring in further legislation to prohibit UK-based insurance and reinsurance providers from dealing in financial transactions connected with Russian entities.
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AM Best takes negative rating action amid Russia-Ukraine tensions
Credit rating agency AM Best has placed under review the financial strength rating (FSR) and long-term issuer credit rating of several Russian insurance companies.
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Ukraine invasion puts cyber resilience to the test
Firms urged to improve cyber resilience as governments anticipate rise in state-sponsored attacks - MyCena
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Ukraine conflict hits supply chains as oil prices surge
Energy prices, supply chain issues, travel disruption, inflation, ESG issues and business continuity are just some of the risks to navigate
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Lloyd’s of London could face ‘sizeable’ hit from Russia-Ukraine war
Lloyd’s of London could be facing a “sizeable” loss from its $2bn share of the political risk insurance market during the ongoing Russian and Ukraine war.
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