Generali cuts ties with Russia. Exposure is “marginal”

Generali cuts ties with Russia Exposure is marginal

(Finance) – General has announced that it will close its own representative office in Moscowwill leave the positions held on the board of the Russian insurance company Ingosstrakh (of which it holds a minority stake of 38.5% and therefore has no influence on its business) and that Europ Assistance, which operates in the country, will close its business. As regards financial investments and the insurance business, the Trieste insurance company “is constantly evaluating its own marginal exposure on the Russian market and complies with compliance with all sanctions that may be applied “, reads a note.

The Lion of Triste has also decided to donate € 3 million to support refugee programs, including a donation to UNHCR, currently at the forefront of the humanitarian front in Ukraine. In addition, one has been activated employee fundraising campaign of Generali, to whose donations the company will correspond a sum of the same amount. The proceeds will be donated to UNICEF to support its activities in favor of affected families.

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