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Munich Re tightens coal divestment policy
06 August 2018The 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.
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Insurers face potential screening by San Francisco for coal and tar sands involvement
27 July 2018City's supervisors approved resolution urging action to be done
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Swiss Re sets thermal coal re/insurance threshold
02 July 2018Swiss 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.
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Hannover Re is latest insurer to 'exit coal'
20 June 2018Hannover Re is set to become the latest reinsurer to sell some of its coal-related investments.
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Aviva under fire for taking only "baby steps" to move away from coal
11 May 2018Aviva 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.
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Allianz to walk away from coal by 2040
04 May 2018The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.
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The beginning of the end for coal investment and underwriting
30 April 2018Insurers have made efforts to disengage themselves from the coal industry on both sides of the balance sheet, but climate activists say they could do more. Cintia Cheong and Nick Roumpis examine the latest developments
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Lloyd's criteria for coal divestment fall short, say activists
03 April 2018Lloyd's of London will not invest in companies that get 30% or more of their revenues from coal, generate 30% or more of their electricity from coal, produce 20 million tonnes of coal a year or operate 10GW or more of coal-fired power stations, climate activists said today.
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Insurers slammed for backing Polish coal plants
08 February 2018Allianz, 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.
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Schroders launches tool to measure companies' earnings at risk from rising carbon prices
06 September 2017Investment manager Schroders has developed a tool for investors which measures how government moves to put a meaningful price on carbon could affect company profits and investment returns.