Professionals >

Contacts >

Crowell & Moring’s international economic sanctions team has developed a unique niche serving as advisors to insurers and reinsurers on compliance with U.S., E.U. and U.K. sanctions legislation. With sanctions experts in Washington, London and Brussels, including lawyers with significant expertise in the insurance, banking and maritime sectors, we are able to provide fast, practical and insightful advice to help our clients navigate the complex multi-jurisdictional global sanctions regimes and to mitigate risk.

With over 20 years of experience advising clients in the insurance and maritime sectors, our team understands the insurance industry and, in particular, understands how sanctions risks may arise and how to mitigate those risks. In London, our partners are recognized as a go-to source for insurers and reinsurers on sanctions matters. In Washington, D.C., our attorneys provide comprehensive and practical guidance covering U.S. sanctions developments that impact not only U.S.-based insurers and reinsurers but also non-U.S. entities that are impacted by U.S. extra-territorial sanctions. These partners in particular, supported by a talented and experienced team of other international trade partners, counsel and associates, provide daily support to many of the world’s largest (re)insurers.

With our in-depth familiarity with the laws in this area, our lawyers provide guidance on what companies cannot do, but -- just as importantly -- what they can do. This enables international businesses to pursue and maintain opportunities that are consistent with their policy objectives, and gives them the confidence to succeed in markets and business that others might avoid while at the same time managing the compliance risk.

Representative Matters

  • Advising insurer and reinsurer clients on the impact of the U.S. withdrawal from the Iranian nuclear deal and the impact of the E.U. Blocking Statute.
  • Providing guidance to insurers on the use of the sanctions and territorial exclusion clauses in light of the conflict of laws arising between U.S. secondary sanctions and the E.U. Blocking Statute.
  • Advising reinsurer controlled by U.S. persons on impact of the U.S. withdrawal from the Iranian nuclear deal.
  • Advising insurer and reinsurer clients on the developing U.S. Venezuela-related sanctions; the impact of designation of PdVSA and assisting clients to identify and mitigate risks.
  • Responding to almost daily sanctions compliance questions raised by International Group P&I insurers including underwriter guidance and assisting with due diligence enquiries both at the pre-bind and claims stages.
  • Advising marine insurers on impact of recent OFAC marine advisories and providing guidance on updating and developing due diligence procedures and compliance programs in light of the advisories.
  • Advising insurer on the extraterritorial scope of U.S. Russia-related sanctions and steps to be taken to limit Russia risk.
  • Providing regular internal sanctions training to underwriting and claims teams for International Group P&I insurers and for global insurer.
  • Providing guidance on internal sanctions compliance policies and procedures for global insurer and assisting with integration of financial crime program.
  • Reviewing existing sanctions policies and procedures and updating to take into account sanctions developments.
  • Providing advice and assistance to insurers in relation to due diligence enquiries made by third party suppliers.
  • Attending monthly sanctions working group meetings for global insurance client.
  • Advising global (re)insurers on implications of designation of Russian oligarchs and the businesses they own and control and providing guidance on practical considerations relating to termination of policies.
  • Planning and hosting full-week training program for insurer’s global compliance team on how to manage sanctions developments in a business-friendly manner.

View More

"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of October 19)," Insurance/Reinsurance Alert (October 20, 2020). Contacts: Laura Foggan, Rachael Padgett, Adam J. Singer
Client Alert/Newsletter
"Show Me the Money: Insuring Robots and AI Systems," ABA’s Artificial Intelligence and Robotics National (Virtual) Institute 2020 (October 14, 2020). Moderator and Panel Member: Laura Foggan.
Speech/Presentation
"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of October 5)," Insurance/Reinsurance Alert (October 5, 2020). Contacts: Laura Foggan, Mark Meyer, Rachael Padgett, Adam J. Singer
Client Alert/Newsletter
"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of September 28)," Insurance/Reinsurance Alert (September 30, 2020). Contacts: Laura Foggan, Adam J. Singer
Client Alert/Newsletter
"Lubrizol Advanced Materials v. National Union Fire Insurance," Ohio Insurance and Negligence Law Conference, Ohio State Bar Association (September 25, 2020). Presenter: Laura Foggan.
Speech/Presentation
"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of September 21) ," Insurance/Reinsurance Alert (September 21, 2020). Contacts: Laura Foggan, Mark Meyer, Adam J. Singer
Client Alert/Newsletter
"COVID-19 Business Interruption: The English High Court Decision," Insurance/Reinsurance Alert (September 21, 2020). Contact: Mark Meyer
Client Alert/Newsletter
"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of September 14)," Insurance/Reinsurance Alert (September 21, 2020). Contacts: Laura Foggan, Adam J. Singer
Client Alert/Newsletter
"An Ounce of Prevention: IoT and Insurance," 2020 IoT Virtual National Institute (September 16, 2020). Panelist: Laura Foggan.
Speech/Presentation
"Insurers' COVID-19 Notepad: What You Need to Know Now (Week of September 7)," Insurance/Reinsurance Alert (September 8, 2020). Contacts: Laura Foggan, Adam J. Singer
Client Alert/Newsletter

To view more News & Events for this area, please go to our desktop site.

Crowell & Moring LLP is an international law firm with more than 500 lawyers representing clients in litigation and arbitration, regulatory, and transactional matters. The firm is internationally recognized for its representation of Fortune 500 companies in high-stakes litigation, as well as its ongoing commitment to pro bono service and diversity. The firm has offices in Washington, DC, New York, Los Angeles, San Francisco, Orange County, London, Brussels, and Shanghai.

View Desktop Site | Mobile Sitemap

Contact | Subscribe | Terms of Use | Privacy Statement | Alumni

© Crowell & Moring LLP 2020
Attorney advertising - prior results do not guarantee a similar outcome.