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Zurich, 28 November 2023 – Insure Our Future campaigners are protesting at the Geneva Association’s 50th anniversary summit in Zurich today, demanding that the global insurance industry take immediate action to slow the climate crisis and support the urgent transition from fossil fuels to renewables.  The Geneva Association calls itself the only international association of …

Tokyo, 22 November 2023 – On November 21, MS&AD Insurance Group Holdings (hereafter MS&AD), one of Japan’s three major property and casualty insurers, announced a greenhouse gas (GHG) emission reduction target of 37%  for the underwriting and investment portfolio of its domestic clients by 2030, using 2019 as a baseline year* (PR in Japanese). This …

Activists gathered in front of the International Association of Insurance Supervisors (IAIS) annual conference venue in Tokyo, Japan, on the 9th of November, asking the global standard-setting body to take decisive measures and strengthen their efforts to prevent the worsening of the global climate crisis. 📣Outside the @IAISNews annual conference last week attended by over …

Global, 9 November 2023 – Fifty years after the insurance industry first warned about the impact of climate change it is continuing to fuel the climate emergency, the Insure Our Future campaign warns today in its seventh annual scorecard on insurers’ climate policies. The growing frequency and severity of floods, hurricanes, wildfires, droughts and other …

Fifty years after the industry first warned about the growing risks of climate change it continues to provide insurance that allows new fossil fuel projects to go ahead. Insurers are abandoning customers affected by climate risks, yet most continue to fuel the climate emergency by providing cover for increased oil and gas production. Download the …

Tokyo, 31 October 2023 Dear IAIS Executive Committee Chair Saporta and Vice Chair Ariizumi: CC: IAIS Executive Committee, Climate Risk Steering Group Chair and Vice Chair, and Secretariat We write to you today from dozens of climate, environment, and consumer protection organisations, as you prepare for the IAIS annual meeting, to express our deep concern …

Insurance companies continue to insure and invest in fossil fuels and are abandoning climate affected communities instead. The Net Zero Insurance Alliance has failed to define meaningful steps for addressing climate risk, so regulators need to step up. The International Association of Insurance Supervisors (IAIS) holds its annual meeting in Tokyo on November 6-10 and …

Baden-Baden, 20 October 2023 – Ahead of the annual reinsurance congress in Baden-Baden, Urgewald and the international Insure Our Future network call on reinsurers to end their continued unqualified support of the fossil fuel industry, emissions from which are the prime contributor to global climate change. Reinsurance companies, whose role is to provide insurance to …

Tokyo, 2 October 2023 – On September 29th, Tokio Marine, Japan’s biggest property and casualty insurer and the 7th* biggest globally, announced its “Interim Target for 2030 for the Transition to a Decarbonized Society“. It has set an engagement target within its domestic subsidiary, Tokio Marine & Nichido Fire Insurance Co., Ltd. (TMNF), to engage …

Washington, D.C., 28 September 2023 – Leading European insurers are underwriting nearly a third of U.S. coal production despite their net zero commitments, reveals a new report released today by Insure Our Future. Lloyd’s of London, Zurich and Swiss Re are among the top ten insurers of the 25 biggest U.S. mines, which produced more …

Seoul, 21 September 2023 – In a collective effort to address the climate crisis, a group of 29 NGOs from across the world, including Solutions for Our Climate (SFOC) and Insure Our Future, has issued an open letter to the CEOs of Samsung Fire and Marine (Samsung FM) and Samsung Life Insurance demanding stronger climate …

Kinshasa, 8 September 2023 – Any company granted exploration and exploitation rights in the Democratic Republic of Congo (DRC) oil auction could find itself without financial protection, according to a report published today by Greenpeace Africa, Insure our Future, Reclaim Finance and Urgewald. If leading insurance and reinsurance companies follow their commitments and their general …

On September 7, 2023, leading global insurance company Allianz published its first Net Zero Transition Plan.  Peter Bosshard, Global Network Coordinator of the Insure Our Future campaign commented: Allianz’s transition plan is transparent, comprehensive, timely and in many ways ambitious but contains serious gaps when it comes to new gas infrastructure. If Allianz closes these loopholes, its transition …

London, 5 September 2023, first published in The Insurer – Lloyd’s of London, one of the world’s largest insurers of fossil fuels, has said it will comment more expansively on ESG guidance in September 2023. It is anticipated to be a further distancing from Lloyd’s first ESG policy, published in December 2020, and another textbook …

FAIRBANKS, AK – An update to the Gwich’in Steering Committee (GSC) insurance industry scorecard released today reports 20 insurers now have a policy that protects Iizhik Gwats’an Gwandaii Goodlit (“The Sacred Place Where Life Begins”) from oil and gas development. The scorecard tracks global insurance companies’ policies on fossil fuel development in the coastal plain of the Arctic …

Tokyo, 2 August 2023, Joint Statement via Japan Center for a Sustainable Environment and Society (JACSES), Kiko Network, Friends of the Earth Japan, 350.org Japan, Mekong Watch and Insure Our Future – Three major Japanese non-life insurers (Tokio Marine Holdings, SOMPO Holdings and MS&AD Insurance Group Holdings), which left the UN-led Net-Zero Insurance Alliance (hereinafter …

Paris, 28 July 2023 via Reclaim Finance – French insurer AXA has announced it will no longer cover new gas fields, becoming the 10th insurer to make such a commitment (1). But AXA has not gone as far as some of its peers, allowing exceptions for companies it considers to be “in transition”. Reclaim Finance …

Dropping the obligation to set emission reduction targets will turn the NZIA into an empty shell In a statement published on July 5, UNEP announced that the Net Zero Insurance Alliance (NZIA) will no longer require its members to set and publish targets for reducing their insured emissions (1). This will reduce the NZIA to …

This week, facing mounting pressure from campaigners, Lloyd’s of London syndicate, Probitas1492, ruled out providing insurance for Adani’s Carmichael coal mine and its related infrastructure.  Probitas was known to insure the mine’s transport system, but also admitted that the mine itself had been insured through the Lloyd’s of London marketplace. Ash Bathia, Chief Executive Officer …

St. Gallen, 30 July 2023 – Helvetia, one of the biggest Swiss insurance companies, has adopted a new fossil fuel policy which excludes cover for new coal and extreme oil projects and excludes investments in coal, oil and gas companies which are still expanding their production. Through a massive loophole, the policy however allows Helvetia …

Fifteen insurers have ruled out Trans Mountain – coalition pledges to continue pressuring the remaining companies Today, Indigenous, environmental, and climate groups sent an open letter to twenty insurance companies that have failed to rule out insuring the Trans Mountain pipeline network, following the August 31 expiration date of one of Trans Mountain’s key insurance …

70 groups delivered a letter today calling on Chubb CEO Evan Greenberg to strengthen Chubb’s weak coal policy and stop insuring new oil and gas. Citizens’ groups wearing Evan Greenberg masks delivered the letter to Chubb headquarters in New York, Zurich, and San Francisco in advance of Chubb’s May 20th shareholder meeting. Chubb was an …

The 2020 Scorecard finds that Insurers’ continued retreat from coal is making it harder and more expensive to secure insurance for coal projects. Although momentum is growing, it falls short of what is needed to drive action to meet international climate targets. Major companies in the U.S., the Lloyd’s market and East Asia are still …

Laggards in U.S., Asia and Lloyd’s Market slow global progress Insurers’ continued retreat from coal is making it harder and more expensive to secure insurance for coal projects, the Insure Our Future campaign revealed in its fourth annual scorecard on insurers’ climate policies. Although momentum is growing, it falls short of what is needed to …

46% of reinsurance market and 37% of industry’s global assets covered by coal exit policies The number of insurers withdrawing cover for coal has more than doubled in 2019 as the industry’s retreat from the sector accelerates and spreads beyond Europe, the Insure Our Future campaign reveals today in its third annual scorecard on insurance, …

46% of reinsurance market and 37% of industry’s global assets covered by coal exit policies. The number of insurers withdrawing cover for coal has more than doubled in 2019 as the industry’s retreat from the sector accelerates and spreads beyond Europe, the Unfriend Coal campaign reveals today in its third annual scorecard on insurance, coal …

A global coalition of 32 environmental, Indigenous, and citizen groups is calling on the companies listed on the insurance certificate for the existing Trans Mountain Pipeline to drop their policies ahead of the August 31 renewal deadline. Citing massive political and environmental risks from one of the most contentious projects in Canada’s history — the …

Chubb, the Largest Commercial Insurance Company in the U.S., Announces New Policy to Address Climate Change Today, Chubb (NYSE: CB), the largest commercial insurance company in the United States, announced a new policy on coal to address the climate crisis. According to the policy, Chubb will stop insuring new coal-fired power plants and phase out …

Fifteen NGOs supporting the Insure Our Future campaign warn insurance CEOs of increasing public pressure on companies that do not end their support for coal, extending scrutiny to Asian and North American companies. Dear Madam/Sir, Since 2017, the organizations engaged in the Insure Our Future campaign have called on the insurance industry to stop underwriting …

Organizations with 76 million members warn project would have disastrous impact on climate change 73 organizations, representing a combined membership of more than 76 million people, are sending an open letter to 30 global insurance companies today, calling on them to publicly rule out any insurance services for Adani Group’s Carmichael coal mine and associated …