Willis Towers Watson

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, …

Unfavourable trends in the global reinsurance market, risks related to climate change, and key reinsurance and insurance companies moving away from coal – these are the most important challenges for the power insurance market in 2019 according to experts from Willis Towers Watson. Apart from the unfavourable trends and the expected increase in costs of reinsurance and …

The withdrawal of insurance companies from the coal sector is starting to bite. Insurance rates for coal companies are rising, which adds to their difficulty competing with renewable energy providers. In this context it is deeply concerning that Aon, a global insurance broker, is offering to assist coal companies in circumventing the coal exit policies …

The world’s largest insurance brokers have refused to rule out support for the giant Carmichael coal mine in Australia, despite growing opposition to the project among insurers and financial institutions. 73 organisations with a combined membership of more than 76 million wrote to Marsh, Aon, Willis Towers Watson, the JLT Group and Arthur J. Gallagher, …

Matching developers with insurers, insurance brokers play a critical (if often neglected) role in making coal projects happen. New mining or infrastructure projects are typically insured by syndicates of 15 or more participants. Their developers invariably rely on brokers to manage their risks and arrange the proper insurance coverage. Only four corporations – Marsh, Aon, …