Cover image: The Good, the Bad and the Ugly: The Reinsurance Industry's Approach to Fossil Fuels

New briefing: Swiss Re’s transition from climate leader to laggard

Zurich, Thursday 17 June 2026 – Read The Good, the Bad and the Ugly: The Reinsurance Industry’s Approach to Fossil Fuels here. A new briefing from the Insure Our Future campaign finds that the world’s largest reinsurers are taking increasingly different approaches to fossil fuel expansion, with Swiss Re emerging as a key laggard while …

Coral Triangle Day: Most Insurers Refuse to Rule Out LNG Expansion in World’s Richest Marine Ecosystem

Tuesday 9 June 2026 – French insurer SCOR bucks the trend by introducing new restrictions in response to campaigners’ demands On Coral Triangle Day, the Insure our Future coalition reveals that most of the world’s largest insurers and reinsurers have refused to rule out support for LNG expansion in the Coral Triangle, despite mounting evidence …

Swiss Re’s Climate Gymnastics: Can The World’s Largest Reinsurer Catch Up On The Energy Transition?

This year, two of the largest global reinsurers, Munich Re and Hannover Re, strengthened their climate policies by tightening restrictions on fossil gas investments and underwriting — welcome, if modest, progress towards net zero as climate-driven extreme weather continues driving record costs and devastating impacts. But under CEO Andreas Berger, the world’s biggest reinsurer Swiss …

LNG

Insurance Risk Briefing: LNG Expansion in the Coral Triangle Biodiversity Hotspot

LNG Expansion in the Coral Triangle Biodiversity Hotspot warns the insurance industry against underwriting fossil fuel infrastructure that directly threatens the world’s most biodiverse marine region. Known as the “Amazon of the seas,” the Coral Triangle spans six nations, sustains the livelihoods of over 360 million people, and provides an estimated $855 billion in flood …

Ilijan Dela Paz Photos - taken by B. Sepe for GSCC

Blog: Over 70 campaign groups demand (re)insurers rule out cover for fossil fuels in the Coral Triangle

Read the letter and risk briefing sent to the world’s leading fossil fuel (re)insurers today. Over 70 civil society organisations from more than 20 countries across 6 continents are calling on the world’s leading (re)insurers to rule out cover for fossil fuel expansion in the Coral Triangle and end their support for new fossil gas …

Ilijan Dela Paz Photos - taken by B. Sepe for GSCC

Press release: Over 70 campaign groups call on insurers to exclude fossil fuel projects in Coral Triangle

Immediate release: 21 April 2026 Tuesday 21 April – More than 70 organisations from over 20 countries across six continents are urging the biggest global insurance and reinsurance groups to stop providing insurance for fossil fuel projects and fossil gas expansion in Southeast Asia’s Coral Triangle due to the risks posed to the most biodiverse …

Conflict, Chokepoints, and Climate: Why insurers should rethink LNG

The escalating conflict in the Middle East has quickly become a humanitarian crisis in the immediate region and an economic/energy crisis in countries dependent on the supply of oil and gas that normally flows through the Strait of Hormuz. Thousands of people have died and been injured, millions have been displaced, and millions more around …

Private profits, public losses: Why government support in insurance markets must condition Paris-alignment

Climate change is increasing the frequency and intensity of extreme weather events. This trend, combined with inflation and urbanization in high-risk areas, is driving a continuous rise in losses from natural disasters worldwide. In 2025, global economic losses caused by these events reached €240 billion, more than half of which were uninsured. The story many …

Munich Re’s Revised Fossil Fuel Policy: What Changed, What Didn’t, What’s Next

(Correction: Munich Re’s updated investment policy applies restrictions on any new gas infrastructure, not just new LNG terminals. The text has been corrected.) Last month, Munich Re became the first major reinsurer to restrict the insurance of some new LNG infrastructure. The company updated its fossil fuel policy just weeks after its December Climate Ambition …

World’s second largest reinsurer fails to address full scope of emissions targets

Munich Re gave an update today to its targets to reduce global fossil fuel emissions within its underwriting and investment portfolios.  

Canadian homeowners could turn to litigation to seek recovery of rising home insurance costs

A report released today by Investors for Paris Compliance (I4PC) shows the rising price of home insurance due to climate damages could trigger a wave of lawsuits to recover costs. Last year there were over $9 billion in claims driven by extreme weather in Canada, with much of those costs passed along in the form of …

What Future for Lloyd's Cover

Lloyd’s of London’s booming fossil fuel business bucks market trend

London, 5 November 2025 – (via Reclaim Finance) Lloyd’s of London is bucking the global trend by continuing to grow its fossil fuel business according to new analysis from Reclaim Finance, which finds that its estimated fossil fuel premiums have increased by 2.4% annually between 2020 and 2024, while other insurers have on average seen …

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 …

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

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 total of 28 (re)insurers have now declared …

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 …

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 …

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 …

Coal mining in surface mine. Miner looking on the huge excavator.

Leading European insurers underwrite 30% of U.S. coal despite net zero pledges

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 …

nyiragongo volcano, nord Kivu, DRC

New Report from Greenpeace: Congo oil fields are quickly becoming uninsurable

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 …

Capitol the United States building with the dome lit up at night the Senate House sides of the building

Senate budget committee calls on AIG and other U.S. insurers to disclose fossil fuel support and respect human rights

Washington D.C., 9 June 2023 –  The Senate Budget Committee today called on insurance giants American Insurance Group, Inc. (AIG), Chubb Corp, Liberty Mutual Group, Starr Wright USA, Berkshire Hathaway, State Farm, and Travelers Insurance to disclose their coverage for and investments in fossil fuels and information on how each insurer respects human rights. The Committee’s letter, …

U.S. Senate Budget Committee’s letters to insurance companies

Senator Whitehouse (D-RI), Chairman of the Senate Budget Committee, and fellow Committee members Senators Wyden (D-OR) and Sanders (I-VT) launched an investigation into how the U.S. insurance industry evaluates climate-related risks, decides to invest in or underwrite fossil fuel expansion projects that drive such risks, and prices policies that insure such projects. In letters sent to AIG, Berkshire …

Oil and gas platform in Norway

Insurance giants complicit in Norway’s oil and gas expansion

Oslo, 24 May 2023 – A new report from Greenpeace Nordic reveals for the first time the extent that insurance companies are prioritising dirty profits over the future of the planet by facilitating new oil and gas projects in defiance of the Paris Agreement targets and their own greenwashing rhetoric. The report, Ensuring Disaster, was …

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