Impact of ‘very complex’ Russia sanctions on London market ‘profound’: LMA
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Impact of ‘very complex’ Russia sanctions on London market ‘profound’: LMA

Samuel Casey
26 April 2022
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The impact of sanctions imposed on Russia has been “profound” on the UK insurance market, and legal complications have created “extreme caution” around coverage, according to head of marine and aviation at the Lloyd’s Market Association (LMA) Neil Roberts.

The LMA executive said it was “difficult to say” what the impact of the sanctions had been on Russia, but that even well-resourced insurance compliance departments were finding it “troublesome” to ensure compliance.

Roberts

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Samuel Casey
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