A letter sent by a pool of five Ukrainian professional association of insurers has reached our editorial office today, as well as several insurance related entities across Europe, asking for the European re/insurers' community support in the dramatic situation faced Ukraine under the Russian attack.

The letter is signed by Vyacheslav Chernyakhovsky, Director General of Insurance Business Association, Oleksandr Filoniuk, President of the League of Insurance Organizations of Ukraine, Liudmyla Vremenko, President of the Kharkiv Union of Insurers, Denis Yastreb, Director General of the National Association of Insurers of Ukraine, Serhii Inshakov, Director General of the Federation of Insurance Intermediaries of Ukraine.

On behalf of all associations of insurers and insurance brokers in our country, they are asking their peers in all the European countries "to take the following measures that will prevent the country-aggressor from continuing the war:

• Regardless of the sanctions imposed at the state level, do not insure or reinsure any risks of Russian insurance companies, risks originating from the Russian Federation or in relation to the interests of any resident entities of the Russian Federation. Risks from Russian insurers and from the territory of the Russian Federation should be recognized as highly ?toxic? ones.
• Do not invest in Russian insurance companies and do not issue financial guarantees or additional capital to them in any form. Block the funds of Russian insurers and reinsurers, do not make any reinsurance payments, refunds of payments, etc. for the Russian Federation, so as not to provide the country-aggressor with any additional financial resources.
• Stop activities of the subsidiaries of the Western insurance or brokerage companies, as well as their representative offices in Russia.
• Disconnect Russian insurers from any information and educational support, conferences, seminars and trainings."

"We are grateful to the World for every military, diplomatic and economic assistance to the people of Ukraine in our struggle for the common values of freedom, peace and democracy," signatories of the letter said.