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...
Top bosses at Axa and RSA have been appointed to the board of the Association of British Insurers.
Here are the important insurance news and Post exclusives of the past week, in case you missed them.
Broker network Compass said being independent from a major player like Arthur J Gallagher now meant the business was more “credible” than its rivals.
Broker network Compass has staged a management buyout from parent company Arthur J Gallagher.