Swiss Re pledges to cease global coal treaty business by 2040

Credit: iStock/DisobeyArt

Swiss Re will begin tightening its treaty (re)insurance underwriting policy for thermal coal risks from 2023 and exit all exposures in OECD countries by 2030 and the rest of the world by 2040. New thermal coal underwriting thresholds will be applied across Swiss Re’s property, engineering, casually, credit and surety, and marine cargo lines of business from 2023. They will…

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