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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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Axa calculates climate risk for asset portfolio
30 April 2018Axa Group has calculated the potential value at risk (VaR) in its asset portfolio due to climate change, in a ground-breaking piece of analysis for an insurance company.
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Zurich's Johanna Köb: investors can make a return while doing good
18 April 2018Johanna Köb, head of responsible investment at Zurich, talks to Cintia Cheong on the importance of adequate pricing of greenhouse gases and how investors can make a profit while doing good for society and environment
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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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Surviving climate change needs adaptation as much as insurance
07 March 2018EU insurers warn of overreliance on government post-disaster funding
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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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Climate risk not yet a core business issue, say most insurers
24 January 2018Less than 40% of senior insurance company executives consider climate change as a core business issue, with implications for governance, strategy, risk and management operations, according to a recent poll.
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Insurers face up to €1.6b losses from Storm Eleanor
15 January 2018Insured losses caused by Storm Eleanor will range between €1.1 billion and €1.6 billion ($1.3 billion - $1.9 billion), according to modelling firm AIR Worldwide.
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Swiss and French re/insurers doing most to avoid coal underwriting
15 November 2017Swiss Re, Zurich, Axa and Scor are making the most effort to avoid underwriting the coal industry, according to a report by Unfriend Coal, a network of environmentalists which targets insurers.