Environment activists not happy with Liberty Mutual’s partial exit from coal
They want the company to completely exit coal and not just limit exposure in companies with more than 25% of revenue from coal mining or coal-based energy generation. Liberty Mutual, the fifth largest global property and casualty insurer - based on 2018 gross written premium.
Global insurers exit $8.9 trillion coal-based investments
Coal exit policies were announced by 18 of the world’s biggest insurers controlling...
French cover major AXA to exit coal by 2040
AXA also targets to contain the warming potential of its investments to below 1.5°C by 2050. As p...
European Investment Bank decision to stop fossil fuel financing will hurt gas-based projects: WoodMackenzie
The board of the European Investment Bank (EIB) introduced its new energy lending policy that will focus on accelerating clean energy innovations, energy efficiency and renewable power generation.
UK-based AXIS Capital to quit coal cover
With the announcement, AXIS joins a growing list of global insurers refusing to insure coal projects.. “Renewals, however, according to the policy statement, will be considered on a case-by-case basis until January 1, 2023,” the company said
We want to be among top 10 here in 3 years: David H Long, CEO, Liberty Mutual
Enam, from a historical perspective, can help with partnerships to grow and Jindals are low key players. I don’t anticipate either of the partners to be super active.
Videocon may exit insurance JV with US’ Liberty Mutual
Videocon group, which has a debt pile of over Rs 40,000 crore, as per a report by a rating company, is working out the difference in valuation.
SBI hires PwC for valuation, IAG ropes in Deloitte for JV
Keen to divest further stake in its foreign partner Insurance Australia Group, the State Bank has hired consultancy PwC to carry out the valuation process for its general insurance joint venture.
Dabur group in non-life JV with Liberty Mutual
The Dabur group and the Boston-based Liberty Mutual group announced today that they plan to form a non-life insurance company in India to provide personal and commercial insurance products through a range of distribution channels such as agents and banks.
Liberty Videocon Gen launches Group Personal Accident product
Liberty Videocon today launched a group personal accident product aimed mainly at group, corporates, associations and institutions.
Liberty Mutual, Religare may tie up for non-life JV
US insurer Liberty Mutual is understood to have approached Religare Enterprises for a possible joint venture in non-life space after its proposed joint venture with Dabur fell through.
Dabur Group in general insurance JV with Liberty Mutual Group
The Dabur Group and Boston-based Liberty Mutual Group announced that they would form a non-life insurance company to provide personal and commercial insurance products.
US property insurer Liberty Mutual to buy Safeco for $6.2 bn
Liberty Mutual Group, the sixth-largest US property and casualty insurer, agreed to buy Safeco for about $6.2 billion, the industry’s biggest transaction in four years.
Videocon general insurance to get R2 license by December end
Videocon General Insurance is likely to get R2 licence by the end of this month.
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