In a webinar hosted by the International Underwriting Association, Michael O’Kane and Maya Lester KC of Global Sanctions discussed the growing impact of global trade sanctions on the insurance industry.
Senior Partner Michael O’Kane provided attendees with a clear and practical assessment of the challenges facing insurers operating across multiple jurisdictions. His contribution focused on:
- Regulatory fragmentation between major sanctions authorities and what this means for cross‑border underwriting.
- Heightened enforcement activity, including trends that signal a more assertive approach by regulators.
- Secondary sanctions risks, particularly for firms with international portfolios or exposure to high‑risk markets.
- Key judicial developments shaping how sanctions rules are interpreted and applied.
Michael’s analysis emphasised the need for insurers to maintain robust compliance frameworks, continuously monitor geopolitical developments, and prepare for further regulatory tightening.
Click here to watch the webinar.
