Reinsurance: making Monte Carlo a meeting place for the climate

The statement calls on reinsurers Munich Re and SCOR to follow the lead of Swiss Re and Hannover Re by ending the underwriting of risks linked to oil and gas production expansion, citing the increase in extreme climatic events in 2022.

• The author highlights that 2022 has been characterized by extreme climatic events of rare intensity, specifically mentioning heat waves and mega-fires in Europe, drought in South America, and floods in Australia.
• Swiss Re and Hannover Re have already decided to stop underwriting risks associated with the expansion of oil and gas production, a move the author urges Munich Re and SCOR to adopt.

APA

Martin, L. (2022). Reinsurance: making Monte Carlo a meeting place for the climate. Reclaim Finance. https://reclaimfinance.org/site/en/2022/09/08/reinsurance-making-monte-carlo-a-meeting-place-for-the-climate/

Chicago

Martin, Léo. Reinsurance: making Monte Carlo a meeting place for the climate. Reclaim Finance, 2022. https://reclaimfinance.org/site/en/2022/09/08/reinsurance-making-monte-carlo-a-meeting-place-for-the-climate/.

Wikipedia

{{cite press release |last1=Martin |first1=Léo |title=Reinsurance: making Monte Carlo a meeting place for the climate |publisher=Reclaim Finance |date=8 September 2022 |url=https://reclaimfinance.org/site/en/2022/09/08/reinsurance-making-monte-carlo-a-meeting-place-for-the-climate/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{martin2022reinsurance, author = {Martin, Léo}, title = {{Reinsurance: making Monte Carlo a meeting place for the climate}}, publisher = {Reclaim Finance}, year = {2022}, month = sep, url = {https://reclaimfinance.org/site/en/2022/09/08/reinsurance-making-monte-carlo-a-meeting-place-for-the-climate/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }