- Reinsurers insure insurers and Jan. 1 is the most important date in the calendar for policy renewals.
- Some insurers have already backed away from providing cover in Russia, Ukraine and Belarus due to risk of sanctions or of steep losses.
- But the Jan. 1 renewal date is the first opportunity for many reinsurers to adjust 12-month policies in light of the war, which started last February.
A recent news article published in the Nasdaq website states that Reinsurers...
https://mfame.guru/reinsurers-removed-russia-and-ukraine-from-policies/