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Insurers review operations following U.S. withdrawal from Iran deal

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Insurers review operations following U.S. withdrawal from Iran deal

Insurers from across the world are taking stock of how the U.S. withdrawal from an international nuclear agreement and potential sanctions against companies that do business with Iran could affect their operations, Reuters reported. U.S.-based insurance broker Arthur J. Gallagher & Co. and reinsurer Swiss Re are reviewing the situation. A spokesman at Lloyd’s of London, said that the Lloyd's is reviewing the implication of re-imposition of previously suspended U.S. sanctions against Iran and will issue guidance to the Lloyd’s market in due course.

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