London, 5 September 2023, written by Lindsay Keenan, Insure Our Future European Coordinator, first published in The Insurer - Lloyd’s of London, one of the world's largest insurers of fossil fuels, has said it will comment more expansively on ESG…
Written by Maya Mailer, co-founder of Mothers Rise Up and co-Director of Our Kids’ Climate. The insurance sector is the Achilles’ heel of the fossil fuel industry Without insurance, fossil fuel companies cannot operate and fossil fuel projects cannot be…
Read The Guardian article, “UK students pledge ‘career boycott’ of insurers over fossil fuels,” published on May 24, 2023 covering the students who refuse to work for climate-wrecking insurance companies. The text of the letter to Lloyd’s of London, Beazley,…
From 23-26 October, underwriters and brokers from the global reinsurance industry will meet at the annual Baden-Baden reinsurance meeting in Germany to negotiate new reinsurance contracts. Given the foundational and decisive role of the reinsurance industry in enabling fossil fuel…
In May 2022, an investigative news article revealed that Marsh, the world’s biggest insurance broker, is approaching insurers and trying to convince them to provide insurance coverage to build the controversial East African Crude Oil Pipeline (EACOP). EACOP would be…
Insurance contracts obtained by the Insure Our Future campaign show how utilities are struggling to find companies to underwrite new coal power projects, reveals a report Exposed: The Coal Insurers of Last Resort. Details of which companies insure which projects are…
Lloyd’s of London published its 2021 Environmental, Social and Governance (ESG) Report two days ahead of its Annual General Meeting on May 19. Lloyd’s second ESG report is a document almost completely lacking in substance which does more to obscure…
On the same day that Insure Our Future leaked Lloyd's ESG guidance, Client Earth published a letter to Lloyd's critiquing the inadequacy of this guidance. This letter to Lloyd’s sets out why Lloyd’s ESG guidance is wholly inadequate to set…
In a welcome reversal of long-held positions, the International Energy Agency (IEA) concluded that “there is no need for investment in new fossil fuel supply” in a Net-Zero pathway to 2050. This conclusion confirms that governments, investors, banks and insurance companies no…