The drug trial of American basketball star Brittney Griner in a Russian court focused Tuesday on testimony that cannabis, while illegal in Russia, is regarded in other countries as having legitimate medicinal use. Griner has acknowledged that she was carrying…
Reuters quoted Garrett Hanrahan, global head of aviation at Marsh, who said aviation war insurance was no longer available for Ukraine, Russia and Belarus as a result of the conflict. For the rest of the world, he said, aviation war…
Another day, another major industry name distancing itself from Russia. “AM Best has suspended all commercial activities to clients in Russia and has withdrawn all credit ratings on Russia-based (re)insurance companies, subject to sanctions imposed by the European…
Paris-headquartered insurance group AXA, which “has condemned the invasion of Ukraine and its devastating human consequences since the beginning of the war,” is taking a number of steps in response to the attack. In an actions update, the…
Paris-headquartered insurance group AXA, which “has condemned the invasion of Ukraine and its devastating human consequences since the beginning of the war,” is taking a number of steps in response to the attack. In an actions update, the…
Alina Vandenberghe and husband Nicolas Vandenberghe founded software firm Chilli Piper in 2016 and soon after created their nonprofit, Citizens of Our Planet Andres Hernandez Studio, Inc. An open access Google Document offers pivotal information to the approximately 2.8 million…
WTW has followed suit, announcing its plan to shift ownership of the company’s Russian businesses to local management whose operations will be independent from that of the group – the exact same thing rival Marsh McLennan had said…
Global reinsurer SCOR is moving its Investor Day, which was supposed to take place on March 29, to late July due to Russia’s invasion of Ukraine. “In light of the geopolitical situation and the humanitarian and global impacts…
The underwriting of new risks and contracts renewal for policyholders in Russia are a no-go at present, according to Hannover Re chief executive Jean-Jacques Henchoz (pictured). During the reinsurer’s earnings call on March 10, Henchoz was quoted as…
Irish-domiciled and UK-headquartered Aon Plc has suspended its operations in Russia, as the world’s number two insurance broker remains on the lookout amid the ongoing war. In a statement, Aon chief executive Greg Case asserted: “The escalation of…
