Allianz , Generali , e Re , Swiss Re and mark have been criticized by a climate activist group for investing in fossil fuels despite their claims of being environmentally friendly . Unfriend Coal said the insurers hold at least $ 361 m of assets linked to companies that are developing coal - fired power production and that some build new nuclear power plants . The message was timed to coincide with the insurers ' latest results announcements . While ##mark responded by saying its coal exposure is limited and that it operates responsibly , the other insurers made no comment .
Allianz, Generali, Munich Re, Swiss Re and Zurich have been targeted by a climate activist group for investing in fossil fuels despite their claims of being environmentally friendly. Unfriend Coal said the insurers hold at least $361m of assets linked to companies that are developing coal-fired power production and that some underwrite new coal power plants. The message was timed to coincide with the insurers' latest results announcements. While Zurich responded by saying its coal exposure is limited and that it acts responsibly, the other insurers offered no comment.