Insurers urged to comply as US regulator turns to Lloyd’s in Iran sanctions inquiry
The New York regulator’s request for information on sanctions breaches from Lloyd’s of London indicates the watchdog’s attentions have shifted away from banks and onto insurers, market insiders have warned.
Benjamin Lawsky, New York State’s superintendent of financial services, wrote to Lloyd’s last week requesting information gleaned from the internal review into possible breaches of US sanctions
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