Geopolitical
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Financial pressures from Ukraine conflict will challenge insurers, agree top German and Swiss economists
The fiscal and economic pressures brought by the Russian invasion of Ukraine – not least inflation – could well lead…
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Airbus takes big reputational risk on Russian titanium
As Ukraine's President Volodymyr Zelenskyy urges the European Union to stop buying Russian oil and other core exports, Netherlands-based aerospace…
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Economic noose tightens around Russia as JWC adds all waters to list
The London market’s Joint War Committee (JWC) has added Russia as a listed area for hull war, piracy, terrorism and…
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Ericsson sets aside €90m for suspension of Russian operations
Swedish telecoms giant Ericsson has announced an indefinite suspension of all of its activities in Russia and set aside SEK900m…
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Ukraine crisis accelerating need for supply chain changes
The Russia-Ukraine conflict is hammering home the need for corporates to prioritise supply chain risk management and resilience over costs,…
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EC launches platform to deliver energy security
The EC has launched a platform to enable the common purchase of gas, LNG and hydrogen for member states, which…
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P&C losses from Ukraine-Russia conflict could hit $15bn, says WTW
P&C insurers could see close to $15bn in losses from the Ukraine-Russia conflict, according to a report by WTW. However,…
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Ukraine war intensifies ESG focus
The conflict in Ukraine is adding another dimension to the ESG risk profiles of many European corporations, according to broker…
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Ukraine conflict intensifies German auto market supply bottlenecks
A shortage of primary products has significantly hit the registration of new passenger cars in Germany and exports, with the…
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German chemical industry has ‘backs to the wall’ as energy risk escalates
The German government has presented a significant package of reforms designed to boost the production of renewable power, as part…
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French risk managers focus on fallout from Ukraine crisis
France’s risk and insurance management association AMRAE will host a webinar for members on 8 April, to discuss the implications…
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EC bolsters defences against public health risks via strategic reserves
The European Commission (EC) has revealed that it is building up strategic reserves of response capacities through the EU Civil…
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Ukraine crisis and political risk demands change in risk management mindset, says security expert
Risk managers must think big and take a more holistic approach to risk management to best deal with the many…
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Aviation market losses on a scale ‘not seen before’ from Russian-leased aircraft: Gallagher Re
Aviation (re)insurers face “sizeable losses… to an extent not seen before” from the Russia-Ukraine conflict, according to Gallagher Re. In…
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S&P estimates insured losses up to $35bn from Russian Ukraine conflict
Aviation and specialty line insurers face a “major claim” from the Russia-Ukraine conflict with total losses likely to be between…
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Cyber agency warns of Kaspersky risk for UK organisations
The UK’s cyber agency has said it does not expect to see massive, global cyberattacks from Russia, which some have…
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Italian steel sector grinds to a halt because of supply chain crunch
Almost all of Italy’s steel mills have reduced or halted their activity because of higher energy prices and lack of…
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AM Best suspends Russian activities
Ratings agency AM Best has suspended all commercial activities with clients in Russia and withdrawn all credit ratings on Russia-based…
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Fitch revises Iceland’s outlook to ‘stable’
Fitch Ratings has upgraded the outlook on Iceland’s long-term foreign-currency Issuer Default Rating (IDR) from negative to stable. The ratings…
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AXA becomes latest insurer to stop writing Russia risks
AXA has become the latest risk carrier to announce it has stopped underwriting insurance and reinsurance in Russia, while also…