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Aon, the world’s second-biggest insurance broker, argued in a recent report that “a rapid shift away from fossil fuels in favor of renewable energy sources” is needed. “If society does fail to take action,” the broker warned, “the final outcome may be catastrophic.” Writing this piece from California, Aon’s warning certainly sounds prescient. Yet, while …

The Insure Our Future campaign and Market Forces urge insurance brokers Aon and Marsh to retract their advisory roles in a proposed $2.6 billion Vietnamese coal-fired power station – linked to “excessive” environmental, health and human rights impacts – in letters released today. The project, Van Phong 1, is set to be built in Van …

The withdrawal of insurance companies from the coal sector is starting to bite. Insurance rates for coal companies are rising, which adds to their difficulty competing with renewable energy providers. In this context it is deeply concerning that Aon, a global insurance broker, is offering to assist coal companies in circumventing the coal exit policies …

The world’s largest insurance brokers have refused to rule out support for the giant Carmichael coal mine in Australia, despite growing opposition to the project among insurers and financial institutions. 73 organisations with a combined membership of more than 76 million wrote to Marsh, Aon, Willis Towers Watson, the JLT Group and Arthur J. Gallagher, …

Matching developers with insurers, insurance brokers play a critical (if often neglected) role in making coal projects happen. New mining or infrastructure projects are typically insured by syndicates of 15 or more participants. Their developers invariably rely on brokers to manage their risks and arrange the proper insurance coverage. Only four corporations – Marsh, Aon, …