News

A major German health insurer states that insurance cover for persons in Russia and Ukraine continues to exist without any limitation, as long as these persons do not actively participate in the war (Passive war cover for non-combatants). The insurer underlines, however, [...]

Like other insurance lines, aviation insurance also excludes damage caused in connection with war and terrorism. The specific definition in the insurance policies says that there is no cover for claims caused by war, invasion, acts of foreign enemies, hostilities (whether war [...]

Dear partners, the following is an open letter from Ukrainian insurers and brokers' associations. Dear colleagues and partners! Since February 24, 2022, Ukraine has been fighting against the armed aggression of the Russian Federation. You know that the Russian army invaded the [...]

Howden Group Holdings (Howden) has secured a total holding of 86.965% of the share capital of Assiteca S.p.A (Assiteca), the largest Italian-headquartered broker. Today, Howden confirmed that it has signed a definitive share sale and purchase agreement with Lucca's S.r.l., a company [...]

Ukraine crisis - trade credit insurance and political risk In view of the dramatic developments in Ukraine, many companies are asking themselves how (and if at all) their trade receivables are secured in the event of a default in connection with an [...]

Property damage caused by war on land – aspects regarding insurance cover In this information and in oncoming postings we will focus on the question what actions of war as we see them currently in Ukraine mean for the existence of insurance [...]

The leading princible of our Global TRC Network is "WE ARE TRC". TRC is not a company based in Hamburg, Switzerland and United States but a community of thousands of people in 178 countries. Corona deaths have spiked in mid 2021 [...]