P&I insurers to quit war risk cover for Russia and Ukraine from January 1December 29 2022 by Kristina Shperlik
- October 24
Hong Kong-based Li will look after the insurer's war and terrorism portfolio in north Asia.
- October 13
A senior market source tells IAN that airlines are unlikely to be able to gain cover as Israeli government steps in with US$6bn to support home carriers.
- October 3
The Japanese lessor had commenced litigation in the Irish courts late last year against 11 insurers over its 34 aircraft stuck in Russia following European sanctions.
- September 14
Secondary perils, cyber risk and pressure from the war in Ukraine dominated discussions at the reinsurer meet-up, as well as the return of industry legend Brian Duperreault.
The consultant is exploring potential acquisitions in Australia and New Zealand, and expanding its footprint in South-East Asia, Korea and Japan.
Managing these daunting risks will require a multi-stakeholder approach to risk identification, financing and mitigation.