trade credit and political risk News

ExxonMobil Exits Russia After Putin Expropriates Assets Valued at More Than $4 Billion

Exxon Mobil Corp. said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say …

People Moves: Willis Re’s Loggie to TigerRisk; Aon’s Lee to Lockton Re; Wakam’s Mebarki to Miller

These international People Moves detail appointments at three insurance brokers: TigerRisk Partners, Lockton Re and Miller. A summary of these new hires follows here. TigerRisk Partners LLC, the Stamford, Conn.-based global insurance and reinsurance broker, announced it will appoint James …

Credit Insurers Stopped Backing Toys ‘R’ Us a Year Ago

When Toys ‘R’ Us secured a $3.1 billion bankruptcy loan in September, toy makers were reassured they would be paid for goods delivered to the company as it tried to emerge from Chapter 11. Now those payments are at risk …

Markel Opens Trade Credit, Political Risk Unit in Chicago

Markel Corp. has launched a new trade credit and political risk operation in Chicago. Christen Mizell will transfer to Chicago from New York to take on trade credit and political risk underwriting responsibility for the Midwestern states. Her appointment follows …