Swathe of global insurers Generali, Allianz, Swiss Re stop new business in Russia

Mark Battersby
clock • 1 min read

Allianz, Swiss Re and Generali have all revealed stances on their planned reduced exposure to business in Russia with particularly scant detail in some cases.  "Our operating entities are no longer underwriting new insurance business in Russia, and are decisively reducing exposure in an orderly manner," Allianz said on 14 March.  Swiss Re  said on Monday that it was not taking on new business with Russian and Belarusian clients, and that it was not renewing existing business with Russian clients. It also said that it was reviewing its current business relationships in Russia and Be...

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