Ukraine War
As events in Ukraine unfold at a rapid pace and sanctions on Russia start to bite, Insurance Day offers the best insight, analysis and commentary on how the crisis is impacting insurance markets
Sovcomflot takes big bottom line hit from sanctions
Some vessels idling, while time charter deals set to yield lower payments
Bad guys will keep doing bad things on sanctions, Lloyd’s List Forum told
Rules drawn up by inexperienced regulators risk unintended consequences, audience hears
Denmark in talks to curb ‘problem’ dark fleet tankers shipping Russian oil from waters
Some 3.3m barrels per day of crude, fuel oil, diesel and gasoline were exported from Russian Baltic ports through the Danish Straits over the past 12 months, with at least 37% of tankers sailing through the region having unknown insurance
Commons committee will probe Russia insurance sanctions enforcement
Lloyd’s and company market bodies to provide information to committee as chair vows to ‘deal a fatal blow to Kremlin’s war chest’
Marsh expands Ukraine war risk facility
Ascot-led facility can now provide reduced war risk insurance to all non-military shipping to and from Ukraine ports
Marine insurers face extra due diligence in Russia oil price cap crackdown
From February 20 pre-voyage attestations required for all tankers calling at Russia, affecting about 41% of tankers covered by Western insurers, a proxy for price cap compliance, based on January callings
LMA updates Russian oil price cap clauses
The revised clauses take into account new measures being brought in to prevent the circumvention of the price cap
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