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Swiss Re saluted for reducing coal underwriting and investment
02 December 2019Swiss Re has been doing more than other insurers to limit its exposure to coal on both sides of the balance sheet, a report by Unfriend Coal has revealed.
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Axis Capital limits coal underwriting and investment
17 October 2019Lloyd’s re/insurer Axis Capital has announced a new thermal coal and oil sands underwriting and investments policy after weeks of speculation on the issue.
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UK regulator prepares ‘comply or explain’ TCFD rules
17 October 2019The UK’s financial conduct watchdog will consult on new rules to encourage disclosure of climate-related risks by financial firms in early 2020.
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Insurers face up to $9bn bill from typhoon Faxai
30 September 2019Insured losses from Japanese typhoon Faxai could reach between $5 billion and $9 billion, according to catastrophe modelling firm RMS.
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Activists target AIG over Australian coal mine
29 August 2019Protesters stage demonstrations in AIG’s Sydney, Melbourne and Brisbane offices
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People moves: AIG hires first chief sustainability officer
26 July 2019AIG has appointed Jennifer Waldner to the newly created role of chief sustainability officer to lead the development and implementation of the company’s sustainability strategy.
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Zurich signs UN business pledge to limit global temperature rise
25 June 2019Zurich has become the first insurer to sign up to the UN Global Compact Business Ambition Pledge, which aims to limit average global temperature increases to 1.5°C above pre-industrial levels by 2030.
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QBE reveals coal exclusion policy
03 April 2019Australian insurer QBE will target zero direct investment in the thermal coal industry by 1 July 2019, according to its new energy policy.
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Irish central bank warns of slow transition to green economy
06 February 2019A slow transition to a low-carbon economy would pose macroeconomic and financial stability risks, according to the Central Bank of Ireland (CBI) governor, Philip Lane.
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Tokio Marine hits back at coal involvement claims
04 December 2018Using clean technologies preferable to singling out coal, insurer says