BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Munich Re pulls back from insuring new energy projects

Munich Re pulls back from insuring new energy projects

(Reuters) – Munich Reinsurance Co., the world's largest reinsurer, on Thursday announced stricter policies for investing in and underwriting oil and gas projects, drawing praise from environmental activists.

The German reinsurer said on its website that as of April 2023 it would not invest or insure projects involving new oil and gas fields or new midstream oil infrastructure.

Insurers have over the past few years tightened underwriting and investment policies to exclude some polluting industries from their business, but they have at times fallen short of activists’ demands.

More stringent policies have tended to focus primarily on coal, while oil and gas policies have lagged.

The Insure Our Future campaign said Munich Re's move was “a significant step and a clear signal to the global insurance market.”