Russia’s Lukoil scrambles to sell assets after being hit by US sanctions
Shipping arm of trading wing Litasco is among its assets and subsidiaries
Insurance
Police search offices of ‘shadow fleet insurer’ in sanctions breach probe
Maritime Mutual decided last week to stop insuring ships hauling Russian-origin oil
Leading underwriter Sundeep Khera shifts camp to Beazley
Head of marine hull at AXA XL takes on expanded role at London rival
Steamship kicks off renewal season with big premium hike
Protection and indemnity club blames year of high claims for ‘prudent’ price rise
EU tackles shadow fleet casualty conundrum as it sanctions 117 extra ships
New package of measures includes targeting of LNG and leaves 557 vessels on the Brussels blacklist
London Club opens new office to tap Chinese market
Asian owners and operators represent large chunk of tonnage on the club’s books
Large fire claims run triggers action from top P&I Clubs
Changes to rules follows series of large claims of more than $10m for fire-related losses
Shipowner accuses insurer of ‘burying’ key clause in $47m battle
Court appeal comes six years after ship ran aground in a violent storm
‘Highly secretive’: Shipowners left in the dark over full costs of shipping’s biggest casualties
Insurance broker Wilson calls for more transparency after record year for the most-costly shipping claims
Insurers hit by rising crew costs as Red Sea crisis takes its toll
Abandonments, attacks and stressful voyages all contribute to the swelling bill, says broker Atlantic