Chubb is the world’s largest publicly traded property and casualty insurer. With operations in 54 countries,
Chubb has become the latest major insurer to cut its exposure to the coal industry, citing climate change.The firm will no longer underwrite the building and operation of new coal-fired plants or new risks for companies that generate more than 30% of their revenues from coal mining.
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Zurich Insurance Group - As of 2017, the group is the world's 91st largest public company according to Forbes'
Over a 24-month period Zurich will proactively engage with clients and investee companies with the aim to assist them in adopting plans to reduce their exposure to thermal coal, oil sands and oil shales. Zurich has committed to utilize 100% renewable power in all global operations by the end of 2022.
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