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Tags: marsh | worlds largest insurance broker | russia exit

Marsh, World's Largest Insurance Broker, Yanks All Business From Russia

Russia
Activitists carry a huge red banner banner with the hammer and the sickle during a pro Communist's rally devoted to the national holiday celebration, the Day of the Fatherland's Defender, in Moscow, Feb. 23, 2007. (Getty Images)

Thursday, 10 March 2022 11:11 AM EST

Marsh & McLennan, the world's largest insurance broker, said on Thursday it will exit all of its businesses in Russia.

"We intend to transfer ownership of our Russian businesses to local management, who will operate independently in the Russian market," Chief Executive Officer Dan Glaser said in a statement.

The move comes as operating in Moscow has been increasingly difficult for Western financial institutions amid international sanctions against Russia.

© 2024 Thomson/Reuters. All rights reserved.


StreetTalk
Marsh & McLennan, the world's largest insurance broker, said on Thursday it will exit all of its businesses in Russia.
marsh, worlds largest insurance broker, russia exit
69
2022-11-10
Thursday, 10 March 2022 11:11 AM
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