Russia sanctions Archives - InsuranceAsia News https://insuranceasianews.com/topic/russia-sanctions/ Wed, 29 Oct 2025 11:27:51 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.2 Kiwi P&I specialist Maritime Mutual accused of providing coverage to sanctioned oil: reports https://insuranceasianews.com/kiwi-pi-specialist-maritime-mutual-accused-of-providing-coverage-to-sanctioned-oil-reports/ Wed, 29 Oct 2025 11:22:50 +0000 https://insuranceasianews.com/?p=203111 Carrier denies breach amidst investigations over allegation of facilitating tens of billions of dollars of Iranian and Russian energy products since sanctions.

The post Kiwi P&I specialist Maritime Mutual accused of providing coverage to sanctioned oil: reports appeared first on InsuranceAsia News.

]]>

New Zealand-headquartered P&I insurer Maritime Mutual Insurance Association (MMIA) is alleged to have provided coverage to shipping tankers that transported sanctioned Iranian and Russian oil, acc...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Kiwi P&I specialist Maritime Mutual accused of providing coverage to sanctioned oil: reports appeared first on InsuranceAsia News.

]]> Russian stranded assets now viewed as US$10bn market loss https://insuranceasianews.com/russian-stranded-assets-now-viewed-as-us10bn-market-loss/ Sun, 26 Oct 2025 23:30:47 +0000 https://insuranceasianews.com/?p=202503 The bulk of the loss is also likely to be absorbed not by the aviation war market, as originally thought, but actually by the marine market.

The post Russian stranded assets now viewed as US$10bn market loss appeared first on InsuranceAsia News.

]]>

The ongoing insurance coverage disputes over aircraft stranded in Russia following its invasion of Ukraine in 2022 are now being viewed as a US$10 billion loss for the market, the bulk of which will l...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Russian stranded assets now viewed as US$10bn market loss appeared first on InsuranceAsia News.

]]> Chinese lessor Avmax secures US$29m from Liberty-led insurers for planes lost in Russia https://insuranceasianews.com/chinese-lessor-avmax-secures-us29m-from-liberty-led-insurers-for-planes-lost-in-russia/ Tue, 12 Aug 2025 03:01:09 +0000 https://insuranceasianews.com/?p=197406 Company had leasing contracts with Russian carriers for three Dash 8 turboprop regional airliners, which are now irretrievable due to sanctions.

The post Chinese lessor Avmax secures US$29m from Liberty-led insurers for planes lost in Russia appeared first on InsuranceAsia News.

]]>

Chinese aircraft leasing company Avmax Group has received US$29 million from insurers, including lead underwriter Liberty Group, as compensation for three planes stranded in Russia.
Avmax, a fully own...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Chinese lessor Avmax secures US$29m from Liberty-led insurers for planes lost in Russia appeared first on InsuranceAsia News.

]]> IG P&I tightens restrictions on Russian oil shipments as EU, UK reduce price cap https://insuranceasianews.com/ig-pi-tightens-restrictions-on-russian-oil-shipments-as-eu-uk-reduce-price-cap/ Thu, 31 Jul 2025 09:56:25 +0000 https://insuranceasianews.com/?p=196508 Sanctions include ban on 105 'shadow fleet' vessels and asset freezes on new entities, including Indian refinery Nayara Energy.

The post IG P&I tightens restrictions on Russian oil shipments as EU, UK reduce price cap appeared first on InsuranceAsia News.

]]>

The International Group of P&I Clubs (IG P&I) have tightened restrictions on Russian oil shipments as the EU and the UK reduced the price cap for Russian crude oil from US$60 to US$47.60 per b...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post IG P&I tightens restrictions on Russian oil shipments as EU, UK reduce price cap appeared first on InsuranceAsia News.

]]> Watershed moment as insurers told to cover jets stranded in Russia https://insuranceasianews.com/watershed-moment-as-insurers-told-to-cover-jets-stranded-in-russia/ Thu, 12 Jun 2025 03:05:57 +0000 https://insuranceasianews.com/?p=192694 AerCap, which owns 116 of the planes, was awarded US$1bn after the judge ruled that the cause of the loss was 'an act or order of the Russian government' and should be covered by war risks policies. 

The post Watershed moment as insurers told to cover jets stranded in Russia appeared first on InsuranceAsia News.

]]>

London's High Court has ruled that insurers must provide coverage for 147 planes, owned by six aircraft leasing companies, stranded in Russia since the invasion of Ukraine.
Insurers, including AIG, Ll...

To continue reading the full article and get full access to the InsuranceAsia News platform, please enquire about a subscription.

Your company may already have a corporate license in place.

Enquire Now

OR

Take a Free Trial

Already a Subscriber? Please Login

The post Watershed moment as insurers told to cover jets stranded in Russia appeared first on InsuranceAsia News.

]]>