Russia Ukraine war News
Zurich Removes ‘Z’ From Social Media Branding as Russia Uses Symbol in Ukraine War
Zurich Insurance said it has removed the letter "Z" from its social media branding as a result of Russia's use of the letter during its war in Ukraine. "The Zurich brand has been around for 150 ...
Russia’s Seizure of Foreign Jets Triggers Wave of Insurance Claims From Leasing Firms
Russia's move to transfer almost 800 foreign-owned jets to its own aircraft register amid foreign sanctions has triggered a wave of insurance claims from leasing firms whose fleets have effectively ...
Will Companies Exiting Russia Be Able to Recoup Losses With Insurance?
Hundreds of companies have said they are withdrawing or suspending operations in Russia after its invasion of Ukraine, from energy producer Shell Plc to carmaker Hyundai Motor Co. to PwC, a global ...
$10B Worst Case Insurance Aviation Loss for Planes Grounded in Russia
A realistic estimate of aviation insurance and reinsurance losses for the grounding of planes in Russia falls in the $5-$6 billion range, but a worst-case estimate of $10 billion would be the biggest ...
Financial Market Volatility of Russia-Ukraine War Likely to Impact European Insurers
According to Fitch Ratings, the Russia-Ukraine war is more likely to affect the European insurance sector through second-order financial market volatility than through direct effects from sanctions. ...War in Ukraine Renews Questions Around Likelihood, Insurability of Cyber War
Since Russia launched a full-scale military invasion of Ukraine on Feb. 24, questions have resurfaced about the likelihood of a global cyber war. While experts say there isn't a credible threat at ...
Munich Re Exits From Russian, Belarusian Business
Munich Re is joining other insurers, reinsurers and brokers that have withdrawn from business with Russia. Condemning Russia's attack on Ukraine and supporting the sanctions, Munich Re said it will ...
Experts Confirm Cyber Incidents Up Since War in Ukraine Started, Insurance Underwriters Adapting
Since the start of the war in Ukraine, the number of cyber incidents in the U.S. has increased, and underwriters will need to adapt, according to a panel of experts at the PLUS Cyber Symposium. ...