Arch Capital refuses to underwrite Adani coal mine

Bermudian insurer Arch Capital Group Ltd. has distanced itself from providing any insurance coverage to Adani Group's planned Carmichael coal mine in Queensland, Australia, The Royal Gazette reported. With this, Arch Capital has joined the list of insurers and reinsurers, including Hiscox Ltd. and Axis Capital Holdings Ltd., who have opted to stay away from the coal project.

Read more.