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Generali withdraws from the Russian insurance market

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Magazine Issue: 
Insurance in Africa, a reshape dynamic [3]
Magazine date: 
Mar 2022

GeneraliFollowing the Russian-Ukrainian invasion, the Generali group has decided to gradually withdraw from the Russian insurance market.

In order to do so, the insurer intends to close its representative office in Moscow and put an end to the activities of its subsidiary Europ Assistance in Russia.

Generali has also decided to leave the board of directors of Ingosstrakh, a Russian insurance company where it holds 38.5% of the capital.

Read also | UK excludes Russia from aviation and space insurance market [4]

Tue, 08/03/2022 - 11:40

Source URL: https://www.atlas-mag.net/en/article/generali-withdraws-from-the-russian-insurance-market

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-189-march-2022
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