Marine (re)insurers need to have a sanction clause in place but also internal processes to identify any business under sanctions in order to avoid it. This is not always easy given that sanctions regimes often differ in scope and nature. In light of the necessity to comply with all rules and regulations any changes and developments must be monitored carefully.
In this webinar Daniel Martin, Partner at HFW, provides an update on current sanctions rules and regulations covering the latest sanctions imposed by the US, EU and UK. He will also offer an analysis of a relevant court decision.
This is followed by Dror Salzman, Risk Product Manager at Windward, who discusses deceptive practices used to evade sanctions regimes such as AIS and GNS manipulation. Dror’s presentation includes specific case studies to raise awareness of such practices.
The session is moderated by Christopher Jones, Director of Legal and Market Services, International Underwriting Association and member of IUMI’s Policy Forum and Legal & Liability Committee.
Please click here to access the slides of Daniel Martin. Kindly note that the recording of this webinar is not available.