“We are working closely with our customers in a variety of sectors, and around the world, to support their transition to a lower carbon economy,” said Regan. Munich Re 's QBE will the first outside of Europe to stop selling insurance for thermal coal mines, power stations or transport infrastructure from 1 January 2030 , in a bid to eliminate all direct services, apart from statutory or compulsory insurance, for thermal coal customers by 1 January 2030 . QBE said it would continue to both insure and invest in metallurgical coal, as well as the oil and gas industry. The move is part of the company's 2018 Climate Change Action Plan, and follows similar decisions taken by Swiss Re , Munich Re , Swiss Re , QBE and Munich Re .
Munich Re 's QBE will the first outside of Europe to stop selling insurance for thermal coal mines, power stations or transport infrastructure from 1 January 2030 , in a bid to eliminate all direct services, apart from statutory or compulsory insurance, for thermal coal customers by 1 January 2030 . QBE said it would continue to both insure and invest in metallurgical coal, as well as the oil and gas industry. The move is part of the company's 2018 Climate Change Action Plan, and follows similar decisions taken by Swiss Re , Munich Re , Swiss Re , QBE and Munich Re .