Business

Aon suspends operations in Russia

Ireland-based and UK-based AonPlc has shut down its business in Russia as the world’s second-largest insurance broker remains on the lookout as the war continues.

In a statement, Aon CEO Gregory Case argued:

“This is why we decided to suspend our business activities in Russia, including taking our Russian colleagues on paid leave.”

Aon’s Russian facilities are located in Moscow and St. Petersburg. In Ukraine, the company has offices in Kyiv, Lviv and Odessa. It is unknown if the Ukrainian site is currently up and running.

“Currently, our main focus is on the safety and well-being of our Ukrainian colleagues and their families, as well as the potentially adverse Russians,” said Case. “And we continue to monitor the situation and decide whether to take further action.”

Meanwhile, Giant Pier Marsh McLennan has announced a total withdrawal from Russia. The world’s largest brokerage firm said it plans to transfer ownership of all of Russia’s businesses to local management, which operates independently in the market.

Aon suspends operations in Russia

Source link Aon suspends operations in Russia

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