Banks' reluctance to process payments is a major barrier for insurers wanting to conduct Iran-related business following European Union sanctions relief last month, while legal research has found remaining US primary sanctions are quelling the appetite of London market insurers to conduct Iranian business.
On 16 January, known as "implementation day", the vast majority of Iran-related EU sanctions and US secondary sanctions - those that target the conduct of non-US persons, including London-based insurers...
Lloyd's said setting up a single EU subsidiary or a network of branches across several EU countries are two potential post-Brexit strategies enabling the Market to do business in the European Union if passporting rights cannot be maintained.
Specialist motorcycle insurance broker Carole Nash has entered into a partnership with Bonhams Collectors’ Motorcycle Department.
A London bus burst into flames outside the offices of A-Plan Insurance in Kingston.
This week's cyber-attack on Talk Talk and Post Office broadband will see a higher uptake in cyber policies, according to experts.