Who gains from saving nature
Ledger 1 : 33 — For each dollar financing nature-based solutions in 2023, about $33 financed activities harmful to nature. (UNEP)
Actors / Insurer · Germany

Allianz

Appears in 6 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
Exxon Valdez: the spill, insurance and court casesParticipant in the excess programmeUnited States1989–2015Oil spill
Vale Brumadinho dam collapseCivil-liability insurer; led reinsurance consortium (press reports)Brazil2019–2027Mining / tailings dam
Samarco Fundão dam collapse (Mariana): the settlement and the court casesCivil-liability insurer (about R$70m)Brazil2015–2026Mining / tailings dam
EACOP pipeline: insurers decline, construction continuesRuled out cover (April 2022)Uganda / Tanzania2021–2026Insurance declined or withdrawn
Insurers of the Carmichael coal mineInsurer that said it would not support the mine (Dec 2018)Australia2015–2025Insurance declined or withdrawn
Net-Zero Insurance Alliance collapse and insurers’ fossil underwritingFounding member; left 25 May 2023Global2021–2025Insurance declined or withdrawn
Chubb Global Markets ×4Swiss Re ×4Zurich Insurance ×4Lloyd's of London ×3AIG ×3WTW (Willis Towers Watson) ×3AXA ×3SCOR ×3Hannover Re ×3Munich Re ×3Vale ×2Public Prosecutor's Office of Minas Gerais (MPMG) ×2Federal Public Prosecutor's Office (MPF) ×2Government of Minas Gerais ×2Mapfre ×2Aon ×2Liberty Mutual ×2Brit ×2Marsh (Marsh McLennan) ×2Bravus (operator of the Carmichael mine) ×2Probitas 1492 (Lloyd's) ×2Exxon Corporation (ExxonMobil from 1999)Exxon Shipping CompanyInternational Tanker Indemnity AssociationBrandywine Reassurance (CIGNA Re run-off)US Department of JusticeState of AlaskaExxon Valdez Oil Spill Trustee CouncilUS Supreme CourtNOAAUS Environmental Protection AgencyTÜV SÜDUS Securities and Exchange CommissionCourt of Justice of Minas Gerais (TJMG)Samarco MineraçãoBHPVogBRRenova Foundation (Fundação Renova)Regional Federal Court of the 6th Region (TRF-6)Supreme Court of BrazilHigh Court of England and WalesFairfax FinancialTotalEnergiesUganda National Oil CompanyTanzania Petroleum Development CorporationCNOOCEACOP LtdBritamSiriusPointRiverstone InternationalEnstarBlenheimSA MeacockArch InsuranceAEGIS LondonTokio MarineChaucerHiscoxBeazleyInsurance Consortium for Oil and Gas in Uganda (ICOGU)Insurance Regulatory Authority of UgandaUganda ReZEP-ReAfrica ReGovernment of UgandaGovernment of TanzaniaAfreximbankStandard BankStanbic UgandaKCB UgandaICDStopEACOPPublic CitizenAdani GroupMarket ForcesAXA XLHDI GlobalApollo (Lloyd's)Ascot (Lloyd's)MarkelBerkshire HathawayKorean ReWR BerkleyQBESuncorpFM GlobalGeneraliLocktonNet-Zero Insurance AllianceForum for Insurance Transition to Net ZeroUN Environment ProgrammeMarsh McLennan (Marsh)Trans Mountain Corporation

Insurance

Reinsurance
Insurance bought by insurers to pass part of their own risk to other companies.

Science and environment

Tailings and tailings dam
Tailings are the waste left after ore is processed; a tailings dam is the embankment that stores them as wet sludge.