Trade credit insurers face 'elevated risk' from remaining trade with Russia, warns ratings agency
DBRS Morningstar has warned that trade credit insurers “should expect to deal with an inflow of credit default claims” as Russian buyers start missing payments as a result of the fallout of the war in Ukraine.
The ratings agency said this week that the sanctions imposed on Russia in response to its invasion of its neighbour, as well as the retreat of European and North American businesses from the country
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
Marine insurance costs increase amidst Israel-Iran conflict
As a result of the Israel-Iran conflict marine insurers are now charging 0.2% of the value of a ship for journeys into the Gulf, according to data from insurance broker Marsh McLennan.
RSA’s Norgrove warns insurers alone can’t solve climate losses
RSA UK and International CEO Ken Norgrove has warned that insurance alone can’t solve climate-linked losses, urging the industry to have greater focus on resilience, adaptation, and stronger construction rules.
Throwback Thursday: CII merger; Monument demolished
Insurance Post’s Throwback Thursday steps back in time to June 1991 to remind you what was going on this week in insurance history when a Chartered Insurance Institute merger failed to win support.
Insurance risks of Labour’s housebuilding plans
The latest Insurance Post Podcast covers the insurance implications of Labour’s pledge to build 1.5 million new homes in five years – a target that raises major questions around construction safety, cost inflation, and long-term resilience.
Google warns cyber attackers are targeting insurers
Google’s Threat Intelligence Group has warned “the insurance industry should be on high alert” after analysts spotted several US insurers are being targeted using Scattered Spider tactics.
Air India crash claim could reach around £150m
The fatal crash of Air India flight AI171 on Thursday (12 June) is expected to cost the insurance industry more than $200m (£147.2m), more than the direct written premium for aviation in India, according to analysts GlobalData.
Retail attacks lay bare everyday cyber security challenges
While headlines about recent cyber attacks suffered by UK retailers, such as M&S, may renew interest in cyber insurance, the attacks are not a departure from the threat landscape companies already faced, market experts have told Post.
What Applied’s Epic exit means for the market
After Applied Systems announced it was pulling its Epic platform from the UK, what does that mean for the UK broker e-trading market?