Impact of ‘very complex’ Russia sanctions on London market ‘profound’: LMA
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
  • Email
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

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

Lloyds building London.jpg

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

Enter your e-mail to claim a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article