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

Munich Re

Appears in 10 cases in this database. Roles as given in the documented record.

CaseRoleCountryPeriodInstrument
BP Deepwater Horizon: the spill, the court cases and the recovery claimsReinsurerUnited States2010–2031Oil spill
EACOP pipeline: insurers decline, construction continuesRuled out cover (April 2022)Uganda / Tanzania2021–2026Insurance declined or withdrawn
Trans Mountain pipeline insurers (Canada)Insurer through Temple Insurance; reviewed its contractCanada2018–2024Insurance declined or withdrawn
Insurers of the Carmichael coal mineReinsurer that said it would not support the mine (Dec 2018)Australia2015–2025Insurance declined or withdrawn
TNC Hawaii coral reef parametric insuranceInsurer (Munich Re Group)United States2022–2026Insurance, liability and compensation funds
MAR Fund Mesoamerican Reef parametric insuranceUnderwriterBelize2021Insurance, liability and compensation funds
Venezuela 2026 twin earthquakes insurance gapReinsurer; source of the $30 billion loss estimateVenezuela2026Insurance, liability and compensation funds
Net-Zero Insurance Alliance collapse and insurers’ fossil underwritingFounding member; left 31 March 2023Global2021–2025Insurance declined or withdrawn
Net Zero Banking Alliance exits and closureInsurer that left the Net-Zero Insurance Alliance in 2023International2023–2026Lobbying, PR and greenwashing
Los Angeles wildfires cause $41bn insured loss; 75% of survivors underinsuredreinsurer that paid part of the insured lossUnited States2025Law, regulation and treaties
Appears alongside
Swiss Re ×5Lloyd's of London ×4Chubb Global Markets ×4Hannover Re ×4Zurich Insurance ×4AXA ×3SCOR ×3Allianz ×3WTW (Willis Towers Watson) ×3The Nature Conservancy ×2AIG ×2Liberty Mutual ×2Brit ×2Marsh (Marsh McLennan) ×2Trans Mountain Corporation ×2Bravus (operator of the Carmichael mine) ×2Probitas 1492 (Lloyd's) ×2UN Environment Programme ×2BPTransoceanHalliburtonAnadarko PetroleumMOEX (Mitsui Oil Exploration)Cameron InternationalWeatherfordJupiter Insurance Ltd (BP captive)Ranger InsuranceHouston CasualtyUS Department of JusticeDeepwater Horizon Natural Resource Damage Assessment TrusteesNational Fish and Wildlife FoundationUS Environmental Protection AgencyUS Securities and Exchange CommissionU.S. PIRGNOAATotalEnergiesUganda 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 CitizenGovernment of CanadaCanada Energy RegulatorArgoTalanxStand.earthAdani GroupMarket ForcesAonAXA XLHDI GlobalApollo (Lloyd's)Ascot (Lloyd's)MarkelBerkshire HathawayKorean ReWR BerkleyQBESuncorpFM GlobalGeneraliLocktonMAR FundAXA ClimateInsuResilience Solutions FundUN Development ProgrammeUNDRRNet-Zero Insurance AllianceForum for Insurance Transition to Net ZeroMarsh McLennan (Marsh)Net-Zero Banking AllianceJPMorgan ChaseBank of AmericaCitiHSBCBarclaysUBSMUFG
Terms used on this page

Insurance

Reinsurance
Insurance bought by insurers to pass part of their own risk to other companies.
Underwriter
An insurer, or a person at an insurer, who assesses a risk and decides whether and on what terms to insure it.