Munich Re launches carbon removal venture & more…Keep up with what has been happening this week in our latest insurance news round-up…

Allianz to Retain 49.9% Stake in Russian Operations After Sale to Interholding

The insurer Allianz said on Friday it would sell a majority stake in its Russian operations to the owner of a Russian insurer as it sought to pare its footprint in the country after the invasion of Ukraine.

Qatari, Moroccan Financial Institutions Launch Islamic Insurance Venture

Two Qatari financial institutions and an international insurance company joined forces with Moroccan banking group CIH to create an Islamic financing insurance provider, known as Takaful insurance.

 

Munich Re has announced the launch of TreeTrust, a corporate venture that brokers and structures high-quality afforestation projects for carbon removal.

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Aviva joins SignLive to offer British Sign Language interpretation for customers

Aviva is giving customers the ability to communicate using British Sign Language (BSL) when calling the company through a new partnership with interpreting service SignLive.

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Lloyd’s of London working with regulators to implement Russia sanctions

 

The UK and EU have agreed a co-ordinated ban on insuring ships carrying Russian oil, in a move that will shut Moscow out of the Lloyd’s of London insurance market and curb its ability to export crude, according to British and European officials.