Coal business resorts to "haphazard coalition" of insurers as giants retract
Financiers and governments at risk if they accept inexperienced underwriters, says Insure Our Future
Carbon allowances - insurers slowly warm to the net-zero opportunity
The European benchmark price for carbon allowances hit a record high in November, but only one insurer acknowledges investing in them and others seem coy, so far, to deep their toes in, as Vincent Huck finds out.
$10trn asset owner alliance urges blended climate finance push
The UN-convened Net Zero Asset Owner Alliance (NZAOA) has urged development finance institutions (DFIs) to better use public-private finance partnerships...
Coal campaigners take Carmichael mine fight direct to Lloyd's managing agents
Anti-coal campaigners aiming to stop development of the Australian Carmichael coal mine have targeted managing agents of Lloyd's syndicates in a week of direct phone calls demanding they rule out underwriting the controversial project.
QBE anchor investor in Save the Children Impact Investment Fund
Fund reached a AUD 6m first close
QBE joins UN Global Compact
Australia's QBE Insurance Group (QBE) has become a signatory of the UN Global Compact.
QBE impact investments pass $900m
QBE has almost reached its goal of $1 billion in impact investments by next year, using its Premiums4Good programme.
Insurers' oil and gas activities to be next under spotlight
Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.
Westpac abandons thermal coal funding in tighter climate policy
Westpac has committed to exit its funding of thermal coal firms by 2030 and to align its financing business to the Paris Agreement, as it launched its updated climate change position statement.
Shareholders urge QBE to stop playing with fire
Shareholders coordinated by campaign group Market Forces and investment manager Australian Ethical have co-filed a resolution calling for QBE to align its underwriting and investment activities with keeping global warming below 1.5 degrees.