Lloyd’s of London, the world’s oldest insurance market, said on Wednesday that it was working closely with British and international governments and regulators to implement global sanctions against Russia.
“Lloyd’s supports and remains focused on the delivery of a global sanctions regime against the Russian state,” Lloyd’s said.
The Financial Times reported late on Tuesday that Britain and the European Union had agreed a coordinated ban on insuring ships carrying Russian oil to shut Moscow out of the Lloyd’s insurance market.
(Reporting by Muvija M; editing by Michael Holden)
Photograph: Arctic shuttle tanker Shturman Albanov. Photo credit: Sovcomflot
Topics Excess Surplus Russia Lloyd's
Was this article valuable?
Here are more articles you may enjoy.
Fla. Commissioner Offers Major Changes to Citizens’ Commercial Clearinghouse Plan 
CFC Owners Said to Tap Banks for Sale, IPO of £5 Billion Insurer 
Experian Launches Insurance Marketplace App on ChatGPT 
How One Fla. Insurance Agent Allegedly Used Another’s License to Swipe Commissions 
