Insurer Looks at Ending Cover for Gambling, Arms, Nuclear Power
- ASR Nederland may refuse to sell insurance to 243 companies
- Allianz says engaging with ‘black sheep’ will do more good
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Europe’s biggest insurers refuse to sell policies to coal miners and arms producers. A Dutch firm may go further by denying coverage to gambling companies and nuclear-power generators.
The asset-management arm of ASR Nederland NV already has a list of 243 companies that it won’t invest in for ethical reasons. Now the Utrecht, Netherlands-based firm is considering applying that list to the insurance side as well, according to Chief Executive Officer Jos Baeten.