Analysts at Fitch Ratings have warned that insurers could face claims as high as $10 billion in a worst-case scenario due to the grounding of planes in Russia, with 30-40% likely to be passed on to reinsurers. More than 500 planes that are financed or owned by non-Russian lessors are stranded in Russia due to […]
Lloyd’s insurance and reinsurance company has unveiled a new climate action roadmap as it continues moves to work with critical industries to help accelerate the pace of change as the need for net zero carbon intensifies. The risk underwriting company on Thursday released a new report ‘Insuring a sustainable, greener future’ and provided some information […]