French insurer AXA said on Friday that it has stopped all new investments in Russian assets and would no longer underwrite reinsurance of the country’s insurance companies.
It said it had stopped underwriting new insurance business and all renewals concerning Russian-owned assets located in the country.
AXA added it had “no operational or management control” over RESO-GARANTIA, a Russian firm in which it bought a stake in 2008, and that it would remove its directors from the group’s board.
(Reporting by Sarah Morland; editing by Sudip Kar-Gupta)
Copyright 2026 Reuters. Click for restrictions.
Topics Carriers Russia Reinsurance France
Was this article valuable?
Here are more articles you may enjoy.
Allstate Q3 Net Income Drops About 45% on Higher Catastrophe Losses 
Georgia, Florida Insurers Facing New Scrutiny, Regulations After Election 
Two Dead at Tampa Office After Man Drove Car into Building and Started Shooting 
LA Port Strike Risk Pushed to Friday as Labor Talks Continue 
