Coal Action Network and Money Rebellion groups held a rally outside Probitas1492’s London office last Wednesday, calling on it to rule out any further insurance for Adani’s climate-wrecking Carmichael coal project in Australia. This rally follows insider information obtained by Market Forces indicating Lloyd’s of London insurer Probitas 1492 is … Read More
Hold-out Lloyd’s insurers increasingly isolated as MS Amlin says no to Adani
8 April 2021 This week, MS Amlin, the last of the top five Lloyd’s insurers yet to commit to not insure the disastrous Adani Carmichael thermal coal project finally joined its competitors, with its CEO Johan Slabbert publishing the following statement on LinkedIn: With MS Amlin’s commitment, the only insurer … Read More
Adani loses another insurer as Lloyd’s market feels the pressure
29 October 2020 UPDATE: Lancashire and Ascot have both ruled insurance for the Adani Carmichael project Another Lloyd’s insurer that is providing cover for the Adani Carmichael project has committed to not renewing or taking on any new policies with the destructive coal project. Apollo Underwriters is the latest Lloyd’s … Read More
Dear companies, your fossil fuel support is a reputational ticking time bomb
24 August 2020 When the response finally came through from engineering consultancy GHD’s Chairman on 5 July 2019, it was fairly typical, “Please contact Adani directly on any matters that may relate to their business activities.” The company that had been providing engineering and other consulting services to Adani since … Read More
Lloyd’s insurer W.R. Berkley is refusing to rule out Adani
One of the things Adani needs for both the construction and operation of its climate-wrecking coal project is insurance. And we now know where Adani is getting it from. In June, a leak from a brave Marsh (Adani’s insurance broker) employee exposed Lloyd’s of London insurer Aspen as one of … Read More
Media release: AXIS Capital withdraws from Adani rail line insurance deal
3 October 2019 In a further blow to Adani, US-based insurer AXIS Capital has withdrawn from a bid to insure the construction of the Carmichael rail line. AXIS’ move makes it the 15th major insurer and 58th company to refuse to support the construction of Adani’s coal mine and railway … Read More
Adani could be doing an insurance deal with Lloyds, Canopius and AXIS Capital
UPDATE 4 October 2019 AXIS Capital and Canopius have withdrawn from the rail line insurance deal! AXIS made a statement saying it “…confirmed that AXIS has withdrawn its quotes for the Adani railway.” Canopius has also made a statement saying “Canopius is not involved in any negotiations to provide insurance … Read More
Media Release: World’s biggest insurers will not cover Adani Group’s Carmichael coal mine
Campaigners call on laggards to back UN climate targets andrefuse support for disastrous project Thursday 20 December 2018, 0001 Hours Central European Time Ten of the world’s foremost insurance companies will not provide support to develop the controversial Carmichael coal mine in Australia, following the lead set by many global … Read More