Ensuring Genocide
The insurance industry & Israel's war machine
This report exposes the complicity of insurance companies in the genocide and dispossession of the Palestinian people.
Endorsed by 22 organisations across the Palestine movement, it examines how insurers invest millions of dollars in and underwrite the companies arming Israel, making the genocide of Palestinians possible and facilitating the development and deployment of lethal weaponry around the world.
The report exposes 9 major insurers’ relationships to 16 companies that supplied equipment to Israel with full knowledge it was being used to target civilian populations – including Boeing, Lockheed Martin, Maersk and Elbit Systems.
AIG is in the lead with insuring the highest number of companies who are supplying equipment for military use to Israel – 4, while Zurich follows with 3. The rest of the insurers provide one
company each with Employer’s Liability insurance: RSA, Chubb, QBE, Allianz and Liberty Mutual.
When it comes to investing in defence companies, Aviva is by far the largest investor with $880 million invested across 12 defence contractors, as of February 2025. Allianz comes second with $452 million invested across 15 companies. Allianz is the only one still investing in Elbit Systems.
Our analysis of insurers’ investments over the whole of 2024 reveals that three out of five examined insurers kept increasing their investments in companies supplying military equipment to Israel throughout the year, profiting from death and destruction in Palestine.