Allianz’s Terzariol: “Very high likelihood” of Russia exit as says conflict exposure “limited”

Giulio Terzariol Russia Ukraine

German insurer Allianz is “very likely” to exit all of its operations in Russia, CFO Giulio Terzariol has said, with the move expected to result in a €400mn-€500mn ($416mn-$520mn) hit for the carrier.

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