Sanctions Against Iran - The Impact on Insurers and Reinsurers
Insurance Law Flash
Insurers and reinsurers could face serious, even criminal, charges if they breach draconian new rules on trade with Iran. Following UN Security Council Resolution 1929 on 9 June 2010, both the EU and the US have beefed up their sanctions regimes. We consider the recent changes and their potential effect on the insurance industry.