Archive

  • NN Group announces restrictions on coal-related underwriting

    29 May 2019

    NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.

  • Scor scales up coal divestment policies

    26 April 2019

    Insurer Scor has strengthened its coal exclusion policies, but it still falls short of alignment with the goals set by the Paris Climate Agreement.

  • French banks boost coal financing by 52% after COP21

    27 November 2018

    French banks have increased their coal financing by 52% following the signing of the Paris Climate Agreement.

  • Munich Re tightens coal divestment policy

    06 August 2018

    The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a guest article for German newspaper Frankfurter Allgemeine Zeitung.

  • Swiss Re sets thermal coal re/insurance threshold

    02 July 2018

    Swiss Re will, from today, no longer provide re/insurance services to businesses with more than 30% exposure to thermal coal. The group already applies the same 30% threshold to the asset side of its balance sheet.

  • Aviva under fire for taking only "baby steps" to move away from coal

    11 May 2018

    Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental organisations (NGOs) that targets insurers facilitating fossil fuel extraction, for investing in the coal sector.

  • Allianz to walk away from coal by 2040

    04 May 2018

    The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.

  • Insurers slammed for backing Polish coal plants

    08 February 2018

    Allianz, Munich Re and Generali have been criticised for their involvement in a new coal power plant in Poland, while Axa and Aviva are also under fire for the limitations of their coal divestment policies.