Axa cuts ties with German utility over coal
Posted On: Mar. 15, 2021 9:23 AM CST
French insurer Axa SA has reportedly dropped German energy firm RWE AG as a client in line with its coal-related underwriting policies, Bloomberg Quint reported. The insurer plans to cut all its ties with RWE by the end of 2022, and will reportedly not insure RWE’s renewable projects also.