Russia News

Russia Bans EU Vegetables Due to E.coli Fears

Russia banned imports of raw vegetables from the European Union on Thursday because of a deadly E.coli outbreak centered in Germany, Russian media cited the head of the consumer protection agency as saying. “A ban on the import of fresh …

Lloyd’s Chaucer in Deal for First Russian Coverholder

Chaucer Syndicates Limited announced a new partnership with Nakhodka Re in Moscow and RFIB Ltd in London to launch SeaLine, as the first Lloyd’s coverholder in Russia. “Chaucer and RFIB acted as sponsors to Lloyd’s for SeaLine, which received Lloyd’s …

Russia’s $3.6 Billion VTB Bank Roadshow Hooks Italy’s Generali

An overseas roadshow by VTB to raise some $3.6 billion got off to a solid start on Monday, lining up Italy’s Assicurazioni Generali SpA as a key shareholder in Russia’s second-largest lender. Investors are closely watching the first step in …

RMS Analyzes Terrorist Attack at Moscow’s Domodedovo Airport

Risk Management Solutions has analyzed the circumstances pertaining to the bombing at Domodedovo airport in Moscow on Monday, which killed 35 people and wounded 180. RMS said the “attack was perpetrated by a lone suicide bomber, who detonated 15 lbs …

35 Dead, over 150 Injured by Suicide Bomber Attack on Moscow Airport

A suicide bomber killed at least 35 people at Russia’s busiest airport on Monday, state TV said, in an attack on the capital that bore the hallmarks of militants fighting for an Islamist state in the North Caucasus region. President …

Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door

As director of international markets for Lloyd’s of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he prepared for a trip to China, to tell the Insurance Journal a little bit about them. …

Australia Flood Damage Seen as Long-term; Rail, Road Links Destroyed

Australia’s flood-stricken coal industry may be disrupted for months after key rail and road links were washed away, while some infrastructure could take years to repair, authorities said on Friday. The floods have swamped mines in Queensland State, paralyzing operations …

Catastrophes Top 2010 List of Major Global Insurance Events

Natural and man-made catastrophes topped the list of the most significant events in 2010, with three major earthquakes, a near record number of hurricanes, some serious typhoons and windstorms, a volcanic eruption and a calamitous oil spill that blighted the …

Ratings: Aspen, Allianz Risk Transfer, Inter Hannover UK, Transsib Re, Jordan Insurance

Standard & Poor’s Ratings Services has assigned its preliminary ‘BBB+’ senior debt, preliminary ‘BBB’ subordinated debt, preliminary ‘BBB-‘ junior subordinated debt, and preliminary ‘BBB-‘ preferred stock ratings to Aspen Insurance Holdings Ltd.’s recently filed universal shelf registration program. The ratings …

Democratic Congress Productive But Unpopular

Perhaps never before has a U.S. Congress done more and been liked less than the one controlled by President Barack Obama’s Democrats that ended Wednesday. It wrapped up its two-year legislative cycle with a crush of action in its final …