Lloyd’s failure to implement ESG policy is driven by its CEO John Neal

Meeting reveals Neal’s failure to understand the need to stop insuring fossil fuel expansion On February 16, Insure Our Future network members challenged John Neal, CEO of Lloyd’s of London, on the insurer’s fossil fuel policies and actions in a long awaited, but ultimately very disappointing, on-the-record meeting at Lloyd’s Lime Street headquarters. The meeting …

Parents make Father’s Day appeal for Lloyd’s to stop insuring fossil fuels

Mums, dads and children made a Father’s Day appeal to Lloyd’s of London Chairman, Bruce Carnegie-Brown, to stop insuring fossil fuels at a protest outside the companies’ London headquarters today.   The parents delivered a giant oil drum of dead flowers and an oversized Father’s Day card to Carnegie-Brown in a direct appeal to the …

Ten largest Lloyd’s insurers rule out underwriting Adani’s coal as Tokio Marine Kiln commits to not participate in ‘any future underwriting’

Confronted with the heat of targeted advocacy by climate justice campaigners as well as Indigenous Peoples’ rights movements, Tokio Marine Kiln (TMK, identified with Lloyd’s Syndicates 510, 557 and 1880) has publicly committed to not participate in ‘any future underwriting’ of Adani’s controversial Carmichael coal mine in Australia. Earlier this month, when Lloyd’s syndicate MS …

Campaigners call on Lloyd’s of London to immediately stop insuring the world’s worst fossil fuels projects

The Insure our Future network increases pressure on Lloyd’s with the launch of a website calling on the insurer to strengthen its ESG policy and stop insuring coal and new oil and gas projects that exacerbate climate change. Lloydsinsureourfuture.com provides a gateway to action for the growing global network of organisations and individuals, including Lloyd’s …

Lloyd’s insurer Brit commits to never insure Adani

Major Lloyd’s of London insurance syndicate Brit has committed to never directly insure the Carmichael Coal Project and to not renew insurance involving any associated aspects of the project, most likely referring to the rail line. In an email to Insure Our Future, Brit stated:  Brit does not, has never, and will not write any …

Adani’s coal project exposes yet another risk to insurers: flooding

Adani and its rail line contractors, BMD and Martinus, have failed to prepare for the wet season. Pictures have emerged of substantial flooding on a section of the under-construction rail line to service the proposed Adani Carmichael coal mine in Australia. Lawyers from Environmental Justice Australia (EJA), acting for Mackay Conservation Group (MCG), have written …

Adani insurer Apollo drops Carmichael coal project as thousands take on global insurance giant Lloyd’s at #StopAdani rally

Adani’s Insurer and Lloyd’s of London syndicate Apollo has dropped Adani’s Carmichael coal project following pressure from the climate campaigners and the #StopAdani movement. Apollo confirmed that the insurer will not provide cover for Adani’s coal mine, rail project or coal port after their current construction policy terminates in September 2021. The syndicate also revealed …

Hundreds joined #StopAdani action and online rally calling on Lloyd’s of London to rule out insurance for Adani coal mine

Climate campaigners from the Stop Adani campaign and Pacific Climate Warriors joined forces October 27 and 28 to call on Lloyd’s of London and its members to follow the lead of 23 major insurance companies, including several Lloyd’s syndicates, and stop insuring Adani’s Carmichael coal project in Australia. If built, Adani’s Carmichael mine will, amongst …

Lloyd’s must wash its hands of coal and tar sands

Today, in an activity that marks the launch of a global campaign, Insure Our Future takes global climate concerns to Lloyd’s of London’s front door as it reopens its underwriting hall. As insurance professionals enter the building, campaigners welcome them with the message that Lloyd’s market must ‘wash its hands of coal and tar sands’ …

What is Lloyd’s of London and how does it help fuel the climate crisis?

Lloyd’s of London provides insurance and reinsurance that supports, enables and provides cover for some of the world’s worst fossil fuel projects, including coal mines, tar sands pipelines and new oil & gas exploration, which are incompatible with keeping climate change under 1.5°C. Lloyd’s provides a significant portion of the global energy market insurance and …

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