Tougher rules against Revolutionary Guard and banks
Lloyd's is restricting cover for any ships carrying petroleum to Iran to comply with new US ban, the FT reports.
"Lloyd's will always comply with applicable sanctions," said Sean McGovern, general counsel.
Companies that defy the ban could be barred from transactions with US banks and have their US assets frozen, as well as being denied US government contracts.
The sanctions target companies providing Iran with petroleum and the underwriters of those shipments, plus international banks that trade with Iran's Revolutionary Guard Corps, or with 16 blacklisted Iranian banks.
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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.
