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Insurer Just Group says has no direct investment exposure to Russia

Reuters
·1-min read

LONDON (Reuters) - Insurer Just Group has no direct exposure to Russia in its 20 billion pound ($26.32 billion) investment portfolio though it has 200 million pounds in indirect investments, its chief financial officer said on Thursday.

Just Group is invested in the debt of corporate issuers outside Russia which derive more than 10% of their revenue from Russia, Andy Parsons told Reuters.

Just Group is not planning to make changes to that exposure as a result of the Ukraine crisis, Parsons said.

($1 = 0.7598 pounds)

(Reporting by Carolyn Cohn and Sinchita Mitra, editing by Sinead Cruise)