Global trade association terminates Russian insurers immediately  

An industry group representing insurers and reinsurers in more than 60 countries has cancelled the membership of the All-Russian Insurance Association in protest at the invasion of Ukraine.  The Global Federation of Insurance Associations (GFIA) was established on 9 October 2012. Its 40 member associations and one observer association represent insurers that account for around 89% of total insurance premiums worldwide, amounting to more than $4trn. In a statement on 13 May, GFIA said it had "terminated the membership of the All-Russian Insurance Association (ARIA). This reflects GF...