EU Weighs Ban on Shipping Russian Oil as Part of Price Cap September 28, 2022 By Alberto Nardelli and Ewa Krukowska The European Union is considering adding shipping restrictions to its oil sanctions as the bloc continues to discuss the introduction...
Gas Leaks in Russia-Europe Nord Stream Pipelines Raise Sabotage Fears September 27, 2022 By Anna Ringstrom Europe was investigating leaks in two Russian gas pipelines that churned up the Baltic Sea with bubbles on Tuesday and...
Greek-Managed Vessel Shipped Coal From Russia Despite EU Sanctions September 15, 2022 By 脕ine Quinn and Alberto Nardelli A vessel managed by a company based in Greece transported coal from a port in Russia late last month, after...
Property Catastrophe Reinsurance Entering a True Hard Market September 13, 2022 By Robert Mazzuoli and Brian C. Schneider, Fitch Ratings Uncertain times are challenging for reinsurers. Claims may jump, and investment losses may dent profitability and possibly capital. However, uncertain...
G7’s Price Cap on Russia Oil Takes Shape but Will Russia Sidestep Insurance Rules? September 12, 2022 By Timothy Gardner The Group of Seven countries is working to cap the price of Russian oil in an attempt to limit Moscow’s...
EU Plans Price Cap on Russian Gas as Putin Threatens to Halt All Supplies September 7, 2022 BRUSSELS/VLADIVOSTOK, Russia 鈥 The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin...
Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing September 7, 2022 By Sinead Cruise and Iain Withers Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power...
G7 Expected to Advance Russia Oil Price Cap Plans With Insurance Playing Key Role September 2, 2022 By David Lawder Group of Seven finance ministers are expected to firm up plans on Friday to impose a price cap on Russian...
Exxon Begins Legal Action After Putin Blocks Its Final Russian Exit August 31, 2022 By Kevin Crowley Exxon Mobil Corp. took the first step toward filing a lawsuit against Russia after Vladimir Putin blocked the oil major...
Russian Coal Exports Effectively Halted by EU Ban, With Re/Insurance as Key Factor August 25, 2022 By Bloomberg News Russian coal exports were effectively halted by a European Union ban on entities within the 27-nation bloc servicing shipments of...