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Financials, Sector Focus

Campaigners urge CEOs of 30 major insurers to tighten fossil fuel policies

By Seth O’Farrell

April 4, 2023
Munich RE headquarters
Munich Re says that as of April 1 2023 it will no longer support new oil and gas projects. (Photo: Christof Stache/Getty Images)

The chief executives of Zurich, Munich Re and other insurance groups should close “numerous loopholes in policies and standards" that allow the continuous underwriting of fossil fuel expansion, say campaigners. The Insure Our Future network published an open letter in March to the chief executives of insurance and reinsurance companies ...

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