Reinsurer Hannover Re exits coal investments
Reuters / Handelsblatt
German reinsurance group Hannover Re will no longer invest in companies that earn 25 percent or more of their revenue from mining or burning coal, according to a Reuters report. In May, Allianz said it would immediately stop insuring single coal-fired power plants and coal mines. According to a report in Handelsblatt, Hannover Re will continue to insure coal power plants, arguing that it is in the public interest that existing plants are insured.
Read a Reuters report in English here and find the Handelsblatt article in German here.
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