Shanghai Lockdown Delivers $28 billion hit to Global Trade
Shanghai Lockdown Delivers $28 billion hit to Global Trade with clothing and textile industries most exposed, says Russell Analysis
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Shanghai Lockdown Delivers $28 billion hit to Global Trade with clothing and textile industries most exposed, says Russell Analysis
£17 billion of annual Russia exports to the UK will be disrupted by the closure of all UK ports to Russian ships.
Russia’s invasion of Ukraine will threaten $8 billion (£5.9 billion) dollars’ worth of wheat and corn exports from Ukraine according to Russell analysis
Felicity Ace fire expected to generate $155 million economic loss for Volkswagen, Porsche, Audi, and Lamborghini according to Russell analysis.
The closure of Ukrainian airspace due to the Russia-Ukraine crisis will impact low-budget airlines more proportionately than large carriers.
Port congestion at Shanghai is costing an estimated $4.5 billion a week in lost trade according to scenario analysis by Russell Group.
A week’s delay of essential trade at Ningbo could impact $4 billion (£2.9 billion) dollars’ worth trade.
$2 billion dollars of UK trade imports will be impacted in the run-up to Christmas if the Felixstowe ports delays continue
Chinese power cuts could see $120 billion of trade flows delayed according to analysis by Russell Group
Closure will disrupt $14 billion of trade and delay exporting of clothing and computer equipment too.
$90 billion dollars’ worth of trade may be disrupted if the delays at Long Beach and Los Angeles ports continues into October.
One month of disruption to trade to and from Ningbo would amount to $17 billion of interrupted exports rising to $71 billion.
Global shortage of containers creates a price hike for steel boxes that may lead to shortage of goods in the run-up to Christmas.
Rising COVID cases in Vietnam are creating a large logjam at the country’s key ports
$110 million plane incident as American Airlines and Aer Lingus Aircraft collide in Dublin Airport.
South African violence causes $19 billion’s worth of port exposure at key South African ports
Delays at the Chinese ports of Guangzhou, Yantian, Shenzhen, Shekou and Nansha caused by a rise in coronavirus cases will impact the exporting of more than $40 billion’s worth of ICBs, according to analysis by Russell Group.
The recent political unrest in Colombia, which will not come as a surprise to political risk insurers and risk managers, has seen blockades in and around the port of Buenaventura
Ever Given container ship blocking Suez Canal may create more than $40 billion dollars of trade disruption.
The Strasbourg data centre fire highlights growing cyber threat in the cloud.
The average value of the items on the ship for such a route is around $1 billion.
The shortage will create delays in production for the likes of Nissan, General Motors, Toyota and Ford.
COVID-19 has resulted in a large numbers of claims under business interruption (BI) policies.
The LA and Long Beach port disruption could result in billions of trade exposure.
A handful of UK companies are exposed to large supply chain disruption at Felixstowe.
As the COVID-19 pandemic continues to impact world trade, we take a closer look at the impact on Trade Credit insurance.
With many of us now working and socialising through virtual platforms, cybersecurity has never been more paramount.
Speaking to the CII Journal, Suki Basi explains why underwriters need to be concerned about the increased exposure of grounded aircraft.
Six of the world’s largest ports have a combined exposure of $1.14 trillion to various risks.
With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
Covid-19 has grounded most carriers’ fleets, creating a new ‘week-zero’ for the aviation industry.
By basing a significant amount of their fleet at Tulsa International Airport, American Airlines have a significant exposure to being hit by a Tornado.
The top 10 airports by grounded aircraft exposure have changed as a result of the Covid-19 restrictions according to Russell Group analysis.
While total trade has fallen across the leading economies by in the first quarter of 2020 due to COVID-19, there is a growing concern of rising port exposure.
Negative Oil Prices have accelerated a demand for storage capacity as the consequences of the coronavirus pandemic continue to cripple the energy market.
Russell Group have modelled the exposure for companies and countries from COVID-19.
The top ten Chinese companies, with combined revenues of almost $1.5 trillion will be exposed to an estimated $122 billion of connected loss exposures from coronavirus according to Russell Group.
Losses from the Australian bushfire season have risen to $300 million and are expected to rise even further.
Russell Group CEO Suki Basi writes in Thomson Reuters Regulatory Intelligence on The Russell Score.
An event involving United Kingdom-flagged ships in the Strait of Hormuz could leave insurers with an exposure of $3.1 billion according to Russell Group.
Cargo insurers can expect to face a large exposure value after the recent tanker attacks in the Gulf of Oman.
The specialist insurance market has had a quite turbulent time in recent years. However, no other specialty class has had a tougher experience than the marine class.
Hurricane Harvey demonstrates the need for catastrophe modelling to move beyond property losses.
Russell Group launch ALPS Casualty, a new casualty risk management product.
A high-level executive briefing on the perils of connected risk to the global insurance markets was convened today at Lloyd's of London.
On 18th July, we will be hosting an event on the impact of Connected Risks on the Insurance Markets at Lloyd's.
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