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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


Post Date: 05/05/2022

UK-Russia Trade is under threat after Russia's invasion of Ukraine

£17 billion of Russia to UK Trade will be disrupted by closure of UK ports to Russian ships

£17 billion of annual Russia exports to the UK will be disrupted by the closure of all UK ports to Russian ships.


Post Date: 02/03/2022

Ukraine and Russia at War

$8 billion Hit to Global Wheat and Corn Markets from Ukraine Invasion says Russell

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


Post Date: 01/03/2022

Marine Ship

Felicity Ace fire expected to generate $155 million economic loss for Volkswagen, Porsche, Audi, and Lamborghini

Felicity Ace fire expected to generate $155 million economic loss for Volkswagen, Porsche, Audi, and Lamborghini according to Russell analysis.


Post Date: 21/02/2022

Ukraine Planes

Ukraine Crisis will impact low budget airlines says Russell Group

The closure of Ukrainian airspace due to the Russia-Ukraine crisis will impact low-budget airlines more proportionately than large carriers.


Post Date: 17/02/2022

Port of Shanghai

Shanghai Port congestion costing $4.5 billion a week in lost trade

Port congestion at Shanghai is costing an estimated $4.5 billion a week in lost trade according to scenario analysis by Russell Group.


Post Date: 21/01/2022

Ningbo Port

COVID-19 Delays at Ningbo could disrupt $4 billion worth of trade

A week’s delay of essential trade at Ningbo could impact $4 billion (£2.9 billion) dollars’ worth trade.


Post Date: 10/01/2022

Felixstowe Port Delays Could Impact $2 billion of Imports

$2 billion dollars of UK trade imports will be impacted in the run-up to Christmas if the Felixstowe ports delays continue


Post Date: 13/10/2021

Port in China

Chinese Power Cuts May Disrupt $120 billion of trade flows according to Russell analysis

Chinese power cuts could see $120 billion of trade flows delayed according to analysis by Russell Group


Post Date: 01/10/2021

Shanghai and Ningbo Port Closures may disrupt $14 billion dollars’ worth of trade

Closure will disrupt $14 billion of trade and delay exporting of clothing and computer equipment too.


Post Date: 13/09/2021

Long Beach and Los Angeles Port Delays may disrupt US holiday season

$90 billion dollars’ worth of trade may be disrupted if the delays at Long Beach and Los Angeles ports continues into October.


Post Date: 31/08/2021

Container Yard closeup, port of NIngbo Zhoushan, China

Retail and Automative Sectors Hardest Hit by Ningbo Covid Disruption

One month of disruption to trade to and from Ningbo would amount to $17 billion of interrupted exports rising to $71 billion.


Post Date: 18/08/2021

Container being carried at sea

Global Container Shortage May Cancel Christmas

Global shortage of containers creates a price hike for steel boxes that may lead to shortage of goods in the run-up to Christmas.


Post Date: 10/08/2021

International Container Port at Vung Tau

Vietnam’s Ports Disrupted as COVID cases soar

Rising COVID cases in Vietnam are creating a large logjam at the country’s key ports


Post Date: 04/08/2021

American Airlines Aircraft Parked at Dublin Airport

Dublin Airport Collision Highlights Parked Aircraft Risk

$110 million plane incident as American Airlines and Aer Lingus Aircraft collide in Dublin Airport.


Post Date: 20/07/2021

Ship awaits at Port at Dusk.

Russell Group Models South Africa Port Accumulation Risk

South African violence causes $19 billion’s worth of port exposure at key South African ports


Post Date: 15/07/2021

Port in China, the leading exporting nation in the world.

Russell Models Business Risk Caused by Global Port Disruption

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.


Post Date: 28/06/2021

Port of Buenaventura, Colombia

Colombia Port Disruption Highlights Political Risk

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


Post Date: 23/06/2021

Evergreen container ship leaves port. One of Evergreen's ship is stuck in the Suez Canal.

Ever Given Ship stuck in Suez highlights business interruption risk

Ever Given container ship blocking Suez Canal may create more than $40 billion dollars of trade disruption.


Post Date: 24/03/2021

OVH's Strasbourg Cyber Data Centre. The scene of a high-profile cyber-attack.

Strasbourg Data Fire Highlights Cyber Threat

The Strasbourg data centre fire highlights growing cyber threat in the cloud.


Post Date: 12/03/2021

A Maersk container ship leaves a port. One of the company's ships recently lost some containers in a storm.

Maersk's $1 Billion Shipping Incident

The average value of the items on the ship for such a route is around $1 billion.


Post Date: 22/01/2021

Car Production Line. Semiconductors are becoming a key commodity for car manufacturers.

Semiconductor Shortage impacts Global Carmakers

The shortage will create delays in production for the likes of Nissan, General Motors, Toyota and Ford.


Post Date: 19/01/2021

Insurers are desperate to avoid a cascade of BI policies arising due to the pandemic.

Reeling from Claims Inflation

COVID-19 has resulted in a large numbers of claims under business interruption (BI) policies.


Post Date: 04/01/2021

Containers at Los Angele's Port.

U.S. Port Disruption could threaten U.S. Economy

The LA and Long Beach port disruption could result in billions of trade exposure.


Post Date: 17/12/2020

Ship docked at a port.

UK Retail Giants and Engineering Behemoths Exposed to Felixstowe Disruption

A handful of UK companies are exposed to large supply chain disruption at Felixstowe.


Post Date: 09/12/2020

COVID-19 disrupts Trade Credit Insurance

As the COVID-19 pandemic continues to impact world trade, we take a closer look at the impact on Trade Credit insurance.


Post Date: 21/10/2020

Cyber Exposure in the time of COVID-19

With many of us now working and socialising through virtual platforms, cybersecurity has never been more paramount.


Post Date: 14/09/2020

Insurers Facing Growing Uncertainty Over Exposures From Grounded Aircraft

Speaking to the CII Journal, Suki Basi explains why underwriters need to be concerned about the increased exposure of grounded aircraft.


Post Date: 02/09/2020

Geopolitical and Windstorm Perils Hit World’s Largest Ports with Trillion Dollar Exposures

Six of the world’s largest ports have a combined exposure of $1.14 trillion to various risks.


Post Date: 20/07/2020

AM Best TV Interview: Airplanes Grounded During Pandemic Increase Airport Insured Value

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.


Post Date: 09/07/2020

A flight path through the Covid-19 pandemic for Global Aviation

Covid-19 has grounded most carriers’ fleets, creating a new ‘week-zero’ for the aviation industry.


Post Date: 12/06/2020

American Airlines in “The Eye of the Storm”

By basing a significant amount of their fleet at Tulsa International Airport, American Airlines have a significant exposure to being hit by a Tornado.


Post Date: 04/06/2020

$50 Billion Increase in The Value of Grounded Aircraft Despite COVID-19 Restrictions

The top 10 airports by grounded aircraft exposure have changed as a result of the Covid-19 restrictions according to Russell Group analysis.


Post Date: 03/06/2020

Trade Falls but Ports Exposures Are Rising

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.


Post Date: 21/05/2020

Anybody want some Oil? Critical Shortage of Capacity as Oil Prices Hit Negative

Negative Oil Prices have accelerated a demand for storage capacity as the consequences of the coronavirus pandemic continue to cripple the energy market.


Post Date: 05/05/2020

Coronavirus and Shipping

Russell Group have modelled the exposure for companies and countries from COVID-19.


Post Date: 10/03/2020

Coronavirus Threatens $122 Billion of Chinese Trade Exposure in Q1 2020

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.


Post Date: 02/03/2020

Losses from Australia's bushfire season are expected to soar

Losses from the Australian bushfire season have risen to $300 million and are expected to rise even further.


Post Date: 07/01/2020

The Russell Score

Russell Group CEO Suki Basi writes in Thomson Reuters Regulatory Intelligence on The Russell Score.


Post Date: 25/07/2019

$3.1 Billion Exposure from UK Ships in Strait of Hormuz, Says Russell Group

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.


Post Date: 15/07/2019

Cargo Insurers can face up to $65 million in exposure value for Gulf of Oman attack

Cargo insurers can expect to face a large exposure value after the recent tanker attacks in the Gulf of Oman.


Post Date: 14/06/2019

Navigating the storm: Can the Lloyd’s Marine Market Survive?

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.


Post Date: 06/08/2018

CAT Modelling needs to change, post-Harvey

Hurricane Harvey demonstrates the need for catastrophe modelling to move beyond property losses.


Post Date: 18/09/2017

Russell Group launches ALPS Casualty

Russell Group launch ALPS Casualty, a new casualty risk management product.


Post Date: 30/08/2017

Insurance Markets Warned of 'Existential Threat' from Connected Risk

A high-level executive briefing on the perils of connected risk to the global insurance markets was convened today at Lloyd's of London.


Post Date: 18/07/2017

How Connected Risks threatens the Insurance Markets

On 18th July, we will be hosting an event on the impact of Connected Risks on the Insurance Markets at Lloyd's.


Post Date: 27/06/2017

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Marine

Felicity Ace fire expected to generate $155 million economic loss for Volkswagen, Porsche, Audi, and Lamborghini


Post Date: 21/02/2022

Aviation

Ukraine Crisis will impact low budget airlines says Russell Group


Post Date: 17/02/2022

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