Tokio Marine’s strengthened climate policy does not go far enough

Tokio Marine, Japan’s biggest property and casualty insurer and the 15th largest fossil fuel underwriter in the world, announced on 13th March that its largest subsidiary, Tokio Marine & Nichido Fire Insurance Co. Ltd. (TMNF), is strengthening its engagement policy with 60 companies in high Greenhouse Gas (GHG) intensive sectors, and commits to stop insuring, …

Thousands take part in powerful global week of action demanding Insurance industry take climate action

This week has been an incredible global week of action for the Insure Our Future campaign, with thousands of people taking part in over 100 actions across 31 countries in 5 continents, including over 100,000 people taking action online. In-person actions include protests in Japan, South Korea, Nigeria, Uganda, Indonesia, UK, USA, Philippines, Pakistan, Tanzania, …

Insure Our Future XR London Action

Probitas pulls out of EACOP and West Cumbria coal mine

London, 4 March 2024 – (guest content published by Extinction Rebellion) Major insurer Probitas1492 have today (Monday) confirmed that they will never insure two major ‘carbon bomb’ projects – the East African Crude Oil Pipeline and the proposed West Cumbria coal mine – after a week of peaceful protest from Extinction Rebellion (XR) and members …

Zurich or Dubai?

Statement by Peter Bosshard at the Global Week of Action, Zurich, February 28, 2024 The fossil fuel industry is destroying our planet. After us the deluge, is their motto! The expansion of fossil fuel extraction would not be possible without insurance. And whenever we find information about who is insuring coal and oil projects, Zurich is …

Why people in nearly 30 countries are protesting at insurance companies

In the last week of February, people in over 30 countries across the world organized demonstrations, marches, and community events at some of the largest global insurance companies – including AIG, Tokio Marine, Zurich, Chubb, Lloyd’s of London, Travelers, Sompo, and The Hartford. These events brought a clear message: Insure our future, not fossil fuels. …

Global Week of Action calls on insurance companies to take urgent climate action

The insurance industry holds the key to a safer, prosperous future if they act now. Over 100 groups in over 27 countries across 5 continents are holding over 80 demonstrations, marches, direct actions and events this week with a clear message: Insure Our Future, not fossil fuels. The insurance industry is uniquely positioned to drive …

Insurance companies can’t hide anymore: communities from across the globe demand action

The Insure Our Future network and communities from across the world are coming together for the first ever Global Week of Action to spotlight and target the insurance industry for their role in the climate crisis and demand action. Groups in over 27 countries across 5 continents are holding a week’s worth of demonstrations, marches, …

Risk Exposure: The insurers secretly backing the methane gas boom in the U.S. Gulf South

Report with FOIA information reveals which insurers are part of the biggest fossil fuel buildout of this generation Houston, Texas –  At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report released today by Rainforest Action Network and Public Citizen. The …

A shot of natural gas storage tanks in sphere shape in Okayama, Japan

REPORT: Risk Exposure: The insurers secretly backing the methane gas boom in the U.S. Gulf South

At least 35 different insurance companies are responsible for underwriting liquified methane export terminal projects across the U.S Gulf South, according to a report by Rainforest Action Network and Public Citizen. The analysis, based on documents obtained through open record requests, details the insurance coverage for existing and projected methane gas infrastructure that, if built, …

Oil Refinery Gas Chemical Equipment Prodiction import export Concept, Crude Oil Refinery Plant Steel Pump Pipe line and Chimney and Cooling tower, Chemical or Petrochemical Factory plant, industry

Victory as Leading Global Insurers at Lloyd’s of London Rule Out Controversial East African Crude Oil Pipeline

London, 30 January 2024 – (via StopEACOP) In a significant win for the natural world and the global movement fighting fossil fuel pollution, leading (re)insurance companies SiriusPoint, Riverstone International, Enstar Group, and specialty insurers Blenheim and SA Meacock, have all officially ruled out involvement in the controversial East African Crude Oil Pipeline (EACOP) project. A …

Korean edition: 50 Years of Climate Failure: 2023 Scorecard on Insurance, Fossil Fuels and the Climate Emergency

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 …

Zurich in the morning by elxeneize

Global association of Insurance CEOs confronted by climate protest at 50th summit – Will they ‘Safeguard the Planet’ or Greenwash business as usual?

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 …

A shot of natural gas storage tanks in sphere shape in Okayama, Japan

MS&AD Announce Significant Emission Reduction Target

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 …

Campaigners call on the International Association of Insurance Supervisors to take action on climate

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 …

Insurers withdraw cover for climate risks while backing increased fossil fuel production, industry must act to support 1.5°C climate target after 50 years of failure

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 …

50 Years of Climate Failure: 2023 Scorecard on Insurance, Fossil Fuels and the Climate Emergency

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 cityscape at sunset by Claudio Ventrella

Open letter demanding climate risk regulatory action from the International Association of Insurance Supervisors

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 …

The IAIS Needs to Step Up on Climate

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 …

Huge quarry bucket excavator works in a hot outdoors slag dump.

Reinsurers fuel the climate crisis while climate victims pay the price

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 …

Oil refineries illuminated at night in Wakayama, Japan

Tokio Marine’s intermediate decarbonisation target lacks ambition and impact

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 …

EACOP: Lloyd’s Cincinnati rule out pipeline while Talbot stays silent in response to protests

Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests. (Nick Chalk), Active Underwriter with Cincinnati at Lloyd’s confirmed verbally with a member of the Insure our Future campaign, “We 100% do not write this …

Annual letter to the CEOs of 30 major fossil fuel insurers, 2023

Every year, the Insure Our Future network publishes an open letter to the CEOs of 30 major insurance companies whose fossil fuel policies are ranked annually by Insure Our Future, among which are: AIG, Allianz, AXA, Chubb, Generali, Liberty Mutual, Lloyd’s of London, Munich Re, SCOR, Sinosure, SOMPO, Tokio Marine and Zurich. The letter outlines …

Mother Earth performs outside Lloyd’s of London in Mother’s Day plea for climate action

Mothers Rise Up calls on insurer to change its tune on fossil fuel insurance UK mums staged a concert outside Lloyd’s of London in a Mother’s Day plea to the company to stop insuring new fossil fuel projects in the North Sea and beyond. The event, organised by climate-parent group, Mothers Rise Up, featured a …

A group of activists dressed mostly in red jumpsuits stand in front of an office building with large glass windows. They are holding signs and banners with different phrases about "stopping EACOP" there are yellow signs on the ground and a black fake oil spill on the ground.

Lloyd’s Insurers Talbot & Cincinnati targeted in global ‘week of action’ against ‘toxic’ pipeline

Today, 23rd February activists from the StopEACOP Coalition held an ‘oil spill’ demonstration outside the offices of two insurance companies, Talbot & Cincinnati Global Underwriting to demand the companies rule out the controversial East Africa Crude Oil Pipeline (EACOP). Activists staged a moveable ‘oil spill,’ with hazard signs that highlighted the risks of the controversial …

Large silver skyscraper building that is the Lloyds of London office with a clear blue sky behind.

British and African Quakers urge against insurance for East African pipeline

In an open letter Paul Parker, recording clerk of Quakers in Britain, and Bainito Wamalwa, Africa section clerk of Friends World Committee for Consultation, asked for a meeting with the world’s leading insurance market to discuss its action on climate change. They urged Lloyd’s Chairman Bruce Carnegie-Brown and Chief Executive John Neal, whose members insure a large …

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 – …

Fossil fuel insurers top Christmas 2022’s naughty list

Leaders of some of the world’s biggest insurance companies including Lloyd’s of London, AIG, Swiss Re and Allianz, will find out if they have been naughty or nice when they receive a specially selected Christmas gift from the climate action group, Mothers Rise Up, today. The CEO’s of six insurance companies – Lloyd’s of London …

Arch Insurance & AEGIS London respond to pressure & rule out EACOP

Arch Capital Group Ltd and AEGIS London join the 19 (re)insurance companies ruling out the controversial East Africa Crude Oil Pipeline (EACOP) project. Arch Capital Group Ltd responded to ongoing pressure on their insurance business by ruling out insurance for the East Africa Crude Oil Pipeline (EACOP). A statement issued by the company follows sustained …

Insurance CEOs have the power to stop fossil fuel expansion – they must not risk our planet for an extra squeeze of profit

As decision-makers converge in Egypt for the annual climate talks at COP, major new reports warn that we’re at risk of triggering irreversible tipping points in our Earth’s system without rapid and concerted action right now. This year has been a litany of climate disasters ravaging communities, while oil and gas companies are reaping tens …

2022 Scorecard on Insurance, Fossil Fuels, and the Climate Emergency

Insure Our Future’s annual scorecard ranks the top 30 global fossil fuel insurers on the quality of their fossil fuel exclusion policies. This year Allianz, AXA and Axis Capital rank best for their coal exit policies, while Aviva, Hannover Re and Munich Re come out on top for their oil and gas exclusions. At the bottom of fossil fuel rankings are a group of insurers …

You have seen 30 of 88

Load more