(Reuters) – Axa XL, a division of French insurer Axa SA, is reducing cover offered to aviation companies as it seeks to protect the multibillion-euro business after heavy Ukraine-linked losses, two underwriting and broking sources explained to Reuters. One of the top rated 10 players in global aviation insurance, Axa XL is pulling back from underwriting threat on so-called war cover, the sources reported, reducing possibilities for airline […]
War
A necessity by Lloyd’s of London that standalone cyber procedures incorporate exclusions for condition-backed cyberattacks, starting future March, will give some clarity to insurers and policyholders, but sizeable areas of ambiguity keep on being. Many observers say the problem of when cyberattacks can be attributed to country-states is inconclusive and may […]
Russian President Vladimir Putin championed domestic reform and intercontinental integration when he to start with took electric power in 2000.Mikhail Svetlov/Getty Images Russia as soon as had ambitions for Moscow to be an international economic centre. But its annexation of Crimea in 2014 unleashed a rash of sanctions and curbed […]
Economic leaders of the Group of 20 richest and biggest economies have wrapped up meetings on the Indonesian vacation resort island of Bali without having a last joint communique just after talks were overshadowed by divisions around the war in Ukraine. As G-20 host this yr, Indonesia has sought to […]
BANGKOK (AP) — Financial leaders of the Team of 20 richest and most significant economies have wrapped up meetings on the Indonesian resort island of Bali with out a remaining joint communique right after talks had been overshadowed by divisions over the war in Ukraine. As G-20 host this year, […]
By PETER PRENGAMAN, KELVIN CHAN, HELENA ALVES, Involved Push DAVOS, Switzerland (AP) — Corporate buzzwords. Technical jargon. Bold but imprecise pronouncements about local climate change and Russia’s war in Ukraine. The Globe Financial Forum’s once-a-year collecting of CEOs and government leaders this week in Davos, the town in the Swiss […]