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Allianz -- Giant Insurer -- Stops Insuring Coal Plants & Mines
Clean Technica: One of the world’s largest insurers, Allianz, has announced it will immediately cease insuring single coal-fired power plants and coal mines and further plans to phase out all coal risks by 2040.
In 2017, Allianz was ranked as one of the top three insurers on the Forbes Global 2000 list of the world’s most powerful companies — alongside Ping An Insurance Group and Axa Group — and is ranked as one of the world’s largest asset managers, with third-party assets of €1,448 billion under management at the end of 2017. Spread over more than 70 countries and achieving total revenues of approximately €126.1 billion in 2017, Alliance is a leading financial presence around the world.
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