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PZU, the biggest financial group in Central and Eastern Europe with presence in Poland, Ukraine, and the Baltic states, released a weak new strategy for 2021 to 2024. With consolidated assets of close to 85 billion euros at the end of 2020, PZU remains the biggest EU-based insurer with no coal investment nor underwriting restrictions, …

Hurricane Dorian has just ripped through the Bahamas, causing catastrophic damage, injuries and fatalities. Wildfires continue to wreak havoc in California, and flash flooding and a freak hailstorm caused chaos and destruction in Spain last month. Climate change is supercharging extreme weather and natural disasters. It is hard to imagine that any company wouldn’t strive …

Four companies back expansion plans as industry leaders end cover for new coal power Four European insurers are continuing to support plans to expand Poland’s coal industry, reveals research from the Insure Our Future campaign released today as the country prepares to host the UN Climate Summit next month. Germany’s Talanx, Austrian insurers Vienna Insurance …

Allianz, Generali and Munich Re underwrite Europe’s biggest new coal power plant Major European insurers are backing the growth of Poland’s coal industry, supporting companies which are undermining international efforts to combat climate change and causing thousands of early deaths a year across the continent, reveals a briefing from the Insure Our Future campaign published …

This briefing focuses on non-Polish European insurers playing a critical role in supporting the coal industry and its expansion in Poland. Since 2013, they have signed at least 21 underwriting contracts, providing cover without which new projects could not be built and existing operations would have to shut down. State-owned PGE is adding 1,800MW to …