U.S. sanctions seen barring IT platform of insurer Lloyd’s for Iran trade

By Carolyn Cohn and Jonathan Saul LONDON (Reuters) - New U.S. sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European insurers, reinsurers, brokers and shipping firms have been winding down Iranian business as the United States reimposes sanctions on insurance and reinsurance from Nov.

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