March 25 (Reuters) – AXA SA AXAF.PA:
* SINCE THE BEGINNING OF RUSSIA’S INVASION OF UKRAINE, AXA HAS FULLY ENFORCED ALL INTERNATIONAL SANCTIONS
*WE HAVE ALSO STOPPED TAKING NEW INSURANCE BUSINESS (AND STOPPED ALL RENEWALS) ON RUSSIAN-OWNED ASSETS LOCATED IN RUSSIA
* WE HAVE STOPPED UNDERWRITING NEW REINSURANCE (AND STOPPED ALL REINSURANCE RENEWALS) FROM RUSSIAN INSURERS
* WE HAVE CEASED ALL NEW INVESTMENT IN RUSSIAN ASSETS
* RESO GARANTIA: AXA HAS NO OPERATIONAL OR MANAGEMENT CONTROL OVER THIS COMPANY AND HAS DECIDED TO REMOVE ITS DIRECTORS FROM THE BOARD
Original text: https://bit.ly/3IyVyBG For more details, click on AXAF.PA
(Gdansk Newsroom)