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In order to protect their asset, it can sometimes become necessary for an aircraft owner to initiate a recovery plan to get their aircraft back safely into their own custody. Mark McCloy of aviation…

Melanie Daglish - Senior Account Executive Melanie Thomas is ITIC’s Senior Aviation Underwriter. Melanie joined ITIM in January 2011 after having worked as a Senior PI Broker for 4 years for a…

A safety auditor was engaged by an oil & gas exploration company to conduct a routine operational safety audit of an air charter operator. His client was particularly interested in the safety…

Iran had been subject to various sanction regimes for more than a decade.  A  Joint Comprehensive  Plan of Action (JCPOA)  between China, France, Germany, Russia, the UK and the…

For a more comprehensive summary of US Iranian Sanctions, please see https://www.treasury.gov/resource-center/sanctions/Programs/Documents/jcpoa_faqs.pdf The below are simply some edited…

EU Position The EU lifted all nuclear related economic and financial sanctions via Council Decision (CFSP) 2016/37 on 16 January 2016.   This adopted the Council Decision (CFSP) 2015/1863 of 18…

The UK position is very similar to the EU position as most of the UK sanctions were implementations of the EU sanctions.   The UK Treasury has stated (as of 16 January 2016) that the major…

Sanction relief is subject to “snap back” provisions in the JCPOA.  This essentially means that if Iran fails to comply with its continuing obligations under the JCPOA the sanctions can be…

Welcome to this third special edition of The Wire, specifically for insurance brokers. The following selection of articles are intended to provide both interesting reading for you and useful…

How long have you worked at ITIC? I have worked in ITIC for just over 9 years having previously worked at the UK P&I Club (part of Thomas Miller), where I was a senior account executive. What…