Rückversicherungsvertrag
Subsequently, Wilhelm refused to renew the Reinsurance Treaty with Russia. Russia promptly formed a closer relationship with France in the Dual Alliance of 1894, as both countries were concerned about the novel disagreeability of Germany. Furthermore, Anglo–German relations provided, from a British point of view, no basis for any consensus as the Kaiser refused to divert from his, although somewhat peculiarly desperate and anachronistic, aggressive imperial engagement and the naval arms race in particular. Von Holstein's analysis proved to be mistaken on every point, Wilhelm, however, failed too, as he did not adopt a nuanced political dialogue. Germany was left gradually isolated and dependent on the Triple Alliance with Austria-Hungary, and Italy. This agreement was hampered by differences between Austria and Italy and in 1915 Italy left the alliance.