Moody’s says insurers’ retreat from coal is credit positive

Credit: iStock/kruwt

Moody’s says that recent high-profile moves by leading European insurers and reinsurers to pull back from underwriting and investing in the fossil fuel sector, notably coal, is a positive step for creditworthiness. Allianz, AXA, Swiss Re, Munich Re and Zurich have all made pubic commitments to pull away from the fossil fuel sector. This is in response to rising concern…

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