Instead of underwriting coal mines and power stations directly, it insures other companies doing it — allowing it to keep its hands clean, while still profiting from dirty fossil fuels.
But now the world’s No.1 reinsurer, SwissRe, has promised to stop this practice, and pressure is mounting on Munich Re -- the second biggest -- to follow suit.
Its annual shareholder meeting is in just 5 days. If enough of us sign we can shine a light on its double dealings -- and embarrass the company into action.
More information
SWISS RE FIRST INSURER TO COMPLETELY PHASE OUT COAL FROM TREATY REINSURANCE
Insure Our Future. 16 March 2021.
Insure Our Future. 16 March 2021.
Swiss Re to phase out reinsuring coal by 2040
Reuters. 16 March 2021.
Reuters. 16 March 2021.