CAMPAIGNERS targeted the offices of insurance giant Allianz in the City of London today over the firm’s complicity in the Gaza genocide.

Palestine Action activists scaled the premises’ main entrance and doused it in red paint, rebuking the firm for insuring and investing in Elbit Systems, Israel’s biggest weapons manufacturer.

A spokesperson for Palestine Action said: “By providing insurance, Allianz is directly enabling the production of Israeli weapons in Britain which are ‘battle-tested’ on Palestinians.

“As all companies who work with Elbit should know by now, Palestine Action’s direct-action campaign against them will not cease until their links with the Israeli weapons trade does. Allianz must drop Elbit.”

An Allianz UK spokesperson said that it would “not give in to threats and criminal behaviour that endanger the safety or security of our people, business and property” and was working closely with police.

Today also saw the launch of the Boycott Bloody Insurance campaign, with a groundbreaking report showing how major global insurers actively enable Israel’s ongoing assault on Palestinians.

The report, Ensuring Genocide: The Insurance Industry and Israel’s War Machine, reveals that insurers including Allianz, Aviva, AXA, Zurich, and RSA collectively invested over $1.7 billion (£1.3bn) in companies supplying military equipment used by Israel since October 7 2023.

“Insurance giants claim to protect communities, but they’re funnelling our money into war, exploitation, and violence,” said Monika Nielsen, lead researcher at the new campaign, which “demands accountability from insurers profiting from human suffering.”

This report is the first in a series of four, the group said, adding that the next three, due in April, will expose the insurance industry’s ties to fossil fuel companies, controversial weapons, and Britain’s detention industry.