Special Report

War in Ukraine: Tracking the Conflict’s Reverberations Across The Legal Industry

Our global newsroom is closely monitoring the impact Russia’s invasion of Ukraine and the ensuing sanctions have had on the legal industry. From the impact on in-house counsel and corporate operations to the work law firms may need to shed and the reputational and financial risks across the industry, we will continue to update this space with the news, data and analysis that will help law departments and law firms navigate this crisis. We will also highlight the pro bono and humanitarian efforts being undertaken by the industry. This content has been made publicly available and draws from across ALM’s industry sectors, including legal, insurance and financial services.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
“Indirect investments through suppliers and customers of U.S. and European companies may still be impacted, similarly to the already substantial impact on commodity and energy markets,” Jason Hopper, associate director, industry research and analytics, AM Best, said in a release. (Credit: Drop of Light/Shutterstock.com) “Indirect investments through suppliers and customers of U.S. and European companies may still be impacted, similarly to the already substantial impact on commodity and energy markets,” Jason Hopper, associate director, industry research and analytics, AM Best, said in a release. (Credit: Drop of Light/Shutterstock.com)

While U.S. insurers only have less than $2 billion in bonds that are exposed as a result of the Russian invasion of Ukraine, AM Best reported the industry’s indirect exposures might be more substantial.

The largest exposure at any company, according to AM Best, is less than 2% of capital and surplus, with a majority of the bonds being rated investment grade NAIC-2.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected].  

More from this author

FC&S Editors

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.