Divesting from Russian Investment Assets

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NASW Insurance Enterprise Divests from Russian Investment Assets In Response to Putin’s Military Aggression in Ukraine

NASW Assurance Services, Inc. (ASI), NASW Insurance Company, Inc. (NASWIC), and Preferra Insurance Company RRG, formerly NASW Risk Retention Group, Inc., have collectively divested all investments tied to Russia in support and solidarity with the Ukrainian peoples and government against Putin’s unprovoked Russian military invasion and warring in Ukraine.

We believe we each have power and responsibility to make a difference, and that by divesting from Russian investments, we join with other countries, states, corporations, organizations, non-profits, and individuals in taking a collective stand against Putin’s military leadership and military aggression in Ukraine.

Gary Bailey

President, NASW Assurance Services, Inc.

Together, we make a powerful impact by condemning Russia’s military actions ordered by Putin to the world community.

Dr. Richard Jones

President, Preferra Insurance Company RRG, formerly NASW Risk Retention Group

In taking these actions, we hope to inspire other organizations and individuals to take similar actions in support of Ukraine.

Tony Benedetto

CEO, NASW Insurance Enterprise

We support the Ukrainian peoples and government in their stand against Putin’s Russian military aggression. We are inspired by the courage and bravery of the Ukrainian people and their commitment to their Democratic form of government. We send our thoughts, hopes, and prayers to them for their safety and peace in our world.

Paul D'Agostino

President, NASW Insurance Company

NASW commends NASW Insurance Enterprise for joining companies ranging from Apple to Disney to Shell in divesting from Russia. Economic pressure will be key in getting Vladimir Putin and Russian Leadership to end this unnecessary and cruel invasion of Ukraine and we are glad a major social work insurance company is joining this push.

Dr. Angelo McClain

CEO, National Association of Social Workers

Social workers stand in solidarity with the people of Ukraine and demand Russia stop an invasion that is killing scores of people each day and has forced almost a million Ukrainians to flee their homeland. Any tool we can bring to bear to stop this atrocity – including economic pressure – must be used. We are glad NASW Insurance Enterprise has taken this important step.

Mit Joyner

President, National Association of Social Workers

About The NASW Insurance Enterprise
The NASW Insurance Enterprise is one of the largest providers of liability insurance to social workers and allied health professionals.

About NASW Assurance Services, Inc.
(NASW ASI): NASW Assurance Services (ASI) is a wholly-owned subsidiary of the National Association of Social Workers (NASW) and exists to manage insurance programs for social workers and other behavioral health professionals with our policyholders’ best interests in mind. NASW ASI works hard to be a socially responsible organization dedicated to improving the lives of behavioral health professionals.

Preferra Insurance Company RRG, formerly NASW Risk Retention Group, Inc. (NASW RRG)
The Preferra Insurance Company RRG, formerly NASW Risk Retention Group, Inc., is an AM Best A–Excellent Rated captive insurance company that provides high-quality, affordable liability insurance for NASW members, social workers, and allied health professionals. The NASW RRG is managed, regulated, and actively works in the best interests of its policyholders.

NASW Insurance Company, Inc. (NASWIC)
The NASW Insurance Company, Inc. (NASWIC) is an AM Best A-Excellent Rated captive reinsurance company that provides financial reinsurance backing and added security for the NASW RRG Liability Insurance Programs and for the NASW Assurance Services, Inc. Group Insurance programs.

Press Release Date: March 8, 2022