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Tag: marine reinsurance


Capital and Risk, Insurance

Reuters: Russia’s State-Owned RNRC to Reinsure Russian Oil Shipments: Sources

June 10, 2022

Via: Insurance Journal

State-controlled Russian National Reinsurance Company (RNRC) is now the main reinsurer of Russian ships, including Sovcomflot’s fleet, after Western insurance firms withdrew cover for Russian shipowners, three people familiar with the matter told Reuters. Insurance is essential for maritime transport, […]


Capital and Risk, Insurance

European Union Seeks to Coordinate Russian Oil Insurance Ban With G-7 Members

June 2, 2022

Via: Insurance Journal

The European Union is working to coordinate a ban on providing the insurance services needed to ship Russian oil anywhere in the world with some Group of Seven members, according to people familiar with the matter, in a move that […]