Insurers have a role in Canadian natural gas exports
February 1, 2023 Philip PoradoLiquified natural gas (LNG) and infrastructure connectivity across Europe will be critical to ensuring a long-term energy supply for the continent, noted a Fitch Ratings report. The ratings agency said strong supplies of LNG, along with a relatively mild winter,…
‘Growing cost’ of climate change prompts this insurer to stop covering oil sands
January 2, 2020 by Greg MeckbachThe Hartford has added its name to the list of insurers who will not write new business in Canada’s oil sands. Connecticut-based Hartford Financial Services Group Inc. announced Dec. 20 it will stop insuring companies that generate more than 25%…
More insurers may stop covering oil sands: Environmentalist
October 24, 2019 by Greg MeckbachExpect more insurers to stop covering Canadian oil sands infrastructure and pipeline projects, an environmental advocate suggests. “We have seen a lot of insurance companies, over the last four or five years, adopt coal policies and get out of insuring…
Another insurer to withdraw coverage from oil sands
October 16, 2019 by Greg MeckbachStarting next year, Axis Capital Holdings Ltd. will stop writing new insurance and facultative reinsurance for oil sands extraction and pipeline projects. Pembroke, Bermuda-based Axis writes commercial specialty and reinsurance. Its new thermal coal and oil sands underwriting and investment…