ICC cuts ties with AXA over US sanctions, FT reports
The court said it will switch to a new insurer after ending the contract, while Axa cited risks from the extraterritorial application of U.S. sanctions.
- On Thursday, the International Criminal Court ended its contract with French health insurer AXA to shield itself from United States sanctions, the Financial Times reported.
- AXA cited "risks arising from the extraterritorial application of US sanctions," stating the decision reflects an international environment that has become "increasingly tense and complex for businesses."
- An ICC spokesperson told Reuters that the court and AXA "decided by mutual agreement to terminate the contractual relationship" and will transition to a new, unnamed insurance provider.
- President Donald Trump recently urged other nations to leave the court, calling it "a rogue institution," amid escalating United States financial sanctions and visa bans on ICC staff.
- The United States administration maintains the court oversteps its authority by asserting jurisdiction over citizens of countries, including Israel, that have not ratified the Rome Statute.
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ICC cuts ties with AXA over US sanctions, FT reports
The International Criminal Court has cut ties with its health insurance provider Axa in a bid to shield itself from US sanctions, the Financial Times reported on Thursday. A spokesperson...
ICC, insurer Axa cut ties amid Trump campaign against court
The International Criminal Court has ended its contract with French life and health insurer Axa starting October 1 and will now be using a new health insurance provider, a spokesperson for the Hague-based court said.
LONDON (ANP) - The International Criminal Court (ICC) in The Hague and insurer Axa have severed ties, reports the Financial Times (FT). In doing so, they are preparing for possible American sanctions against the court. Both parties feared that any measures by the US would force Axa...
LONDON (ANP) - The International Criminal Court (ICC) in The Hague and insurer Axa have severed ties, reports the Financial Times (FT). In doing so, they are preparing for possible American sanctions against the court. Both parties feared that any measures by the US would force Axa...
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