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Lloyd's of London

Lloyd’s provides insurance and reinsurance that supports and enables some of the world’s worst fossil fuel projects including coal mines, tar sands pipelines, and new oil & gas exploration. Their business plans are incompatible with keeping climate change under 1.5°C. In total, Lloyds insures 40% of the world’s energy. These practices are far from new. Lloyd’s has a long racist colonial past. Its wealth was built off a monopoly insuring the trans-Atlantic slave trade. Today, Lloyd’s continues to profit from underwriting projects that sacrifice Indigenous, Black, and brown communities on the frontlines of fossil fuel extraction and the climate crisis.

FRONTLINE STRUGGLES & DEMANDS

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ACTIONS & NEWS

Lloyd’s of London ‘olive branch’ or another greenwashing endeavour?

Lloyd’s of London Chairman, Bruce Carnegie-Brown, has reportedly offered an ‘olive branch to eco-activists.’ Having listened to his comments, we’re not so sure – and we certainly won’t be placated until the insurance industry’s actions start speaking louder than their words.  Read our response to the latest greenwashing from the insurance industry.

Top German (re)insurer Talanx passes on EACOP

Talanx, Germany’s third largest insurer, is the latest (re)insurance company to confirm to the #StopEACOP Coalition that they will not underwrite the East African Crude Oil Pipeline (EACOP).

Three more insurers rule out East Africa Crude Oil Pipeline

Insurance providers Argo Group and Axis Capital, both Lloyd’s of London members, and RSA Insurance Group Limited, a leading UK insurer, have announced they will not be involved in underwriting the East African Crude Oil Pipeline (EACOP) project.

Coal Action Network protest outside of Lloyd’s of London AGM

Last Thursday, 18th May, Coal Action Network protested outside of Lloyd’s of London, for their role in insuring the expansion of the Trans Mountain Pipeline (TMX) and the East Africa Crude Oil Pipeline (EACOP).

Lloyd’s new ESG report: greenwashing, not climate action

Lloyd’s of London new Environmental, Social and Governance (ESG) Report, published two days ahead of its Annual General Meeting on May 19, exemplifies many of the worst aspects of corporate greenwashing.

Arch severs ties with Trans Mountain Pipeline amid climate & flood risk

Lloyd’s of London member Arch Insurance has committed to no longer insure the Trans Mountain tar sands pipeline after its current insurance policy expires this summer.

Trans Mountain Insurer Aspen Commits to Cut Ties with the Tar Sands Pipeline

Lloyd’s of London member Aspen Insurance has pledged to cut ties with the Trans Mountain (TMX) tar sands pipeline after its current insurance policy expires in summer 2022.

ACTION: #StopAdani on Social Media Pile On

Adani’s mines are supported by the UK’s finance industry – providing insurance and funding for it’s devastating coal mines in Australia, India and beyond. Can you to join us on Twitter and Facebook, to take on the institutions enabling climate breakdown?

Lloyd’s failure to implement ESG policy is driven by its CEO John Neal

“It is a serious problem that John Neal has not been well enough briefed, or is just personally sceptical, about climate science and the findings of the International Energy Agency.”

Lloyd’s of London Climate Memorial – #DefundClimateChaos Global Day of Action

Join us on 29th October in either London or Newcastle for a memorial to bring to life the memories of every person harmed by the injustices of the climate crisis, as well as celebrate their fierce resistance to it.

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