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April 19, 2023

Korean property and casualty insurers lack oil and gas insurance and investment policies

Eight out of nine companies score “0” on oil and gas insurance and investment policies. Need to establish a policy on overall fossil fuels to manage climate change risk. Even as fossil fuels were (and still are) being identified for exacerbating climate change, it was found that Korean domestic property and casualty insurers have no …
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February 9, 2023

Insurers and Adani: The End of the Affair

Originally published in ESG Investor on February 9, 2023 Since activist short-seller Hindenburg Research accused the Adani Group of “pulling the largest con in corporate history” on 25 January, the value of the world’s biggest private developer of new coal has been in free fall. The exposure of Adani’s fraud sheds an embarrassing light on organisations – …
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December 6, 2022

South Korea’s only reinsurer, Korean Re, announces to drop new coal, but with loopholes

Korean Reinsurance begins its move away from coal but too slowly, according to civil society  December 6, 2022 – Asia’s second-largest reinsurance company, Korean Re, will no longer be providing reinsurance for new coal mining or power plant construction from next month.   Reinsurance functions as insurance for insurance companies. If reinsurers restrict insurance coverage of …
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