AXA

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, …

To keep global warming to 1.5°C, we urgently need to phase out coal. The insurance industry, to its credit, is beginning to realize this and take action. Momentum is growing within the industry to adopt coal policies: Since 2015, 16 insurers have restricted investment and/or insurance exposure to the coal sector. However, while there are …

Lucie Pinson, European coordinator of the Insure Our Future Campaign and campaign adviser for FoE France attended French (re)insurers AXA and SCOR’s AGMs on Wednesday 24 April and Friday 26 April to call on them to scale up their action on climate change and in particular to commit to fully phase out their exposure to …

Insurance companies are taking unprecedented action against the coal industry, ending insurance for coal companies, mines and power plants and excluding coal from $6 trillion of investments, reveals the Insure Our Future campaign’s second annual scorecard on the industry. Momentum is growing as four of the world’s biggest insurers have announced new restrictions on coal …

In four days, the IPCC will release its report on the consequences of a +1.5°C global warming. Their conclusions will be unquestionable: There is still time to prevent runaway climate change and its disastrous social impacts. But this would require tremendous immediate climate action and a thorough phase-out of fossil fuels, starting with the worst …

At a time when every effort should be made to wean the world from fossil fuels, German company RWE announced that it intends to begin the clearance of the ancient forest of Hambach from 14 October 2018, in order to expand Europe’s largest open-pit mine, the Hambach lignite mine. This is an astonishing move considering …

Yesterday, Handelsblatt published an interview with Munich RE’s CEO Joachim Wenning on climate change and its fatal effects. He showed again that he has perfectly understood the meaning of the Paris Agreement, explaining that by 2050 the carbon dioxide emissions from burning fossil fuels need to be reduced by 90 percent. Considering Munich Re has …

With AXA, Allianz and Zurich, some of the world’s biggest insurers have stopped or limited insuring coal projects. Smaller players often don’t have the expertise and financial strength to do the due diligence and insure the risks of billion-dollar coal mines and power plants on their own. They need back-up support from reinsurance companies to …

We are alumni of Columbia University and members of the Columbia Divest for Climate Justice campaign. We wrote the following letter to urge our fellow Columbia alumnus –Mr. Galateri di Genola – to take bold climate leadership as the Chairman of the Generali Group and stop underwriting coal projects around the globe. Generali’s climate ambition …

Petition calls on insurer to follow lead set by AXA and cease insuring mines and plants More than 90,000 people are calling on Generali to end support for coal, as Europe’s third biggest insurer announces its 2017 financial results. “Every day 53 people in Europe die an early death because of coal pollution”, states a …