Different regimes in different countries hurt compliance
Shipping insurers at Lloyd’s say efforts to enforce Iran sanctions were hampered by the differing sanctions regimes in different countries, the Times reports.
“The Lloyd’s market has systems and controls in place to comply with international sanctions and, while we support their concept, we recognise that there are inconsistencies in policies of individual nations which means sanctions do not always achieve their aims,” a spokesman for Lloyds said.
“We urge that nations need to be more co-ordinated in their sanctions policies and their underlying targets.”
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
