Geopolitical Risks

Shipping industry calls for EU action on fuel

Leading shipping firms have called on the European Union to do more to encourage the use of hydrogen and ammonia by ships as part of its upcoming maritime fuel law

A week where the energy around energy has picked up

It has been a significant week in the energy industry and one that will have interested the insurance sector

Moody’s flags concerns over reinsurer casualty claims

Rating agency Moody’s has flagged concerns over the ultimate impact of coronavirus-related claims and rising liability claims on the performance of the leading four reinsurers: Hannover Re, Munich Re, Scor and Swiss Re

Shipping industry seeks global carbon solution

A leading shipping association has called for global standards that will enable the maritime sector to create a level playing field for the move to low carbon fuels

EU using equivalence to plot City’s demise

The City of London has been warned it is likely to suffer from a continued exodus of its financial services businesses leading to fears it will become a shadow of its former self

UK government sits on the trade credit fence

The UK government has refused to be drawn on whether it will extend the current reinsurance agreement with trade credit insurers, according to the latest Budget unveiled by Chancellor of the Exchequer Rishi Sunak

The current scheme was introduced in June 2020 to ensure coverage for vulnerable businesses and protect against the impact of insolvency