First published here - Reclaim Finance has published an open letter addressed to Patrick Tiernan, who begins his tenure as CEO of Lloyd’s of London on June 1st. The open letter calls on him to show real leadership on climate…
Paris, 20 March 2025 – Individual investors with Lloyd’s of London are not being told the full story when it comes to the long-term costs of Lloyd’s business, according to a new “red list” published by Reclaim Finance today [1],…
London, 9 October 2024 – Lloyd's of London, the world’s leading insurance market, is holding back climate action through its on-going support for fossil fuel expansion, according to new analysis from Reclaim Finance (1). While other major European insurers’ no…
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 analysis, based on…
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…
This week, facing mounting pressure from campaigners, Lloyd’s of London syndicate, Probitas1492, ruled out providing insurance for Adani’s Carmichael coal mine and its related infrastructure. Probitas was known to insure the mine’s transport system, but also admitted that the mine…
Norway, 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…
A new briefing focused on Lloyd’s of London and its managing agents finds Lloyd’s is failing the climate responsibility test by allowing unchecked fossil fuel expansion and by not ensuring that its managing agents meet even the minimum standards that Lloyd’s has…
Disclaimer: Beazley indicated to Reclaim Finance a few hours before the release of the report to have decided to align with Lloyd’s policy and no longer underwrite new coal mines and plants as well as new tar sands, or arctic…
Following a week of protests, Cincinnati Global’s syndicate at Lloyd’s confirmed that it will not insure the East Africa Crude Oil Pipeline, which has been the subject of international protests. (Nick Chalk), Active Underwriter with Cincinnati at Lloyd’s confirmed verbally…