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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (206200)	12/22/2025 2:33:47 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 206209

Hi Bob: I'm not sure who is insuring. I have Lloyd's and a few of the Bermuda reinsurers as clients and I remember the New York Insurance Department taking them through the ringer to prove they were not insuring any Iran sanctioned risk back before Covid hit (was 2017 - 2019 time frame). Difficult to prove a negative so the underwriters had to provide a lot of documentation. Since Lloyd's and the Bermuda reinsurers do business in the U.S., they risk the U.S. side if they were insuring a sanctioned enterprise. The reward would not be worth the risk.