My understanding from glancing at the hopefully correct sanctions statement [1] is that they are secondary in nature (see for example Sec 3). So the insurance company will face all the same sanctions that the ICC judge is facing if they serve them. They banks will cutoff the insurance company as well, because the banks themselves use US infrastructure.
The only solution would be similar to what China exercised. The EU passes an order telling all EU entities to not comply with US sanctions or face legal problems. Then it comes down to how the US responds and whether EU can take that hit.
The only solution would be similar to what China exercised. The EU passes an order telling all EU entities to not comply with US sanctions or face legal problems. Then it comes down to how the US responds and whether EU can take that hit.
[1] https://www.whitehouse.gov/presidential-actions/2025/02/impo...