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Insurer Looks at Ending Cover for Gambling, Arms, Nuclear Power

Insurer Looks at Ending Cover for Gambling, Arms, Nuclear Power

By Ruben Munsterman and Will Hadfield June 24, 2019
  •  ASR Nederland may refuse to sell insurance to 243 companies
  •  Allianz says engaging with ‘black sheep’ will do more good

Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators.

The asset-management arm of ASR Nederland NV already has a list of 243 companies that it won’t invest in for ethical reasons. Now the Utrecht, Netherlands-based firm is considering applying that list to the insurance side as well, according to Chief Executive Officer Jos Baeten.,,,, (subscribers only) https://www.bloomberg.com/news/articles/2019-06-24/insurer-looks-at-ending-cover-for-gambling-arms-nuclear-power

June 25, 2019 - Posted by | business and costs, EUROPE

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