British insurer Phoenix in talks over Russia and Ukraine risks

LONDON (Reuters) - British life insurer Phoenix is talking to its asset management partners to understand how they are managing their Russia and Ukraine risks, it said on Tuesday.

Exposure to Russia and Ukraine is less than 0.2% of assets under administration on behalf of the companies' customers, Phoenix said in a statement.

Phoenix's exposure to Russia and Ukraine is less than 0.1% of its 45 billion pound ($58.98 billion) book of directly managed assets and the insurer said it will look to divest from these assets where possible.

($1 = 0.7630 pounds)

(Reporting by Carolyn Cohn; Editing by David Goodman)