Lutte contre l’expansion fossile : le rôle sous-estimé des réassureurs publics

Reclaim Finance calls on European public reinsurers, specifically Flood Re (UK), CCS (Spain), and SACE (Italy), to follow the example of France's Caisse Centrale de Réassurance (CCR) by committing to cease new investments in companies developing new oil and gas projects. The document asserts that financing fossil fuel expansion contradicts the mandate of these entities to preserve the insurability of climate risks, noting that a world warming by 3°C would render such risks untransferable to the insurance sector. It highlights that bonds make up between 70% and 97% of the financial asset portfolios of these public reinsurers, providing a significant lever for change. Furthermore, the author urges these actors to demand alignment from their asset managers and to integrate financial incentives or strict conditions into reinsurance contracts for insurance clients that continue to support fossil fuel development.

• The Caisse Centrale de Réassurance (CCR) is currently the only public reinsurer in Europe to commit to ending new investments in companies developing new oil and gas projects, a move intended to stop financing the very climate risks it reinsures.
• There is a critical risk to the insurance industry's viability if global warming is not limited; specifically, risks associated with a 3°C warmer world are considered no longer transferable to the insurance sector.
• To achieve net-zero emissions by 2050 and limit warming to 1.5°C, the International Energy Agency (IEA) indicates that production of coal, oil, and gas must drop by 92%, 78%, and 75% respectively by 2050 compared to current levels.
• Public reinsurers hold significant financial portfolios dominated by bonds, which represent a major channel for funding fossil fuel expansion. The portfolios and bond shares for four key actors are: CCR (€11.4bn, 69%), CCS (€10.4bn, 78.8%), SACE (€2.9bn, 96.8%), and Flood Re (€1.2bn, 89%).
• Public reinsurers are urged to use additional levers to influence their ecosystem, such as refusing mandates to asset managers (like Aberdeen or Amundi) that continue to invest in fossil fuels and imposing strict conditions on insurance clients (cedants) that support fossil fuel development.

APA

Manickawasagar, A. (2026). Lutte contre l’expansion fossile : le rôle sous-estimé des réassureurs publics. Reclaim Finance. https://reclaimfinance.org/site/2026/09/16/lutte-contre-lexpansion-fossile-le-role-sous-estime-des-reassureurs-publics/

Chicago

Manickawasagar, Aatiraï. Lutte contre l’expansion fossile : le rôle sous-estimé des réassureurs publics. Reclaim Finance, 2026. https://reclaimfinance.org/site/2026/09/16/lutte-contre-lexpansion-fossile-le-role-sous-estime-des-reassureurs-publics/.

Wikipedia

{{cite press release |last1=Manickawasagar |first1=Aatiraï |title=Lutte contre l’expansion fossile : le rôle sous-estimé des réassureurs publics |publisher=Reclaim Finance |date=16 September 2026 |url=https://reclaimfinance.org/site/2026/09/16/lutte-contre-lexpansion-fossile-le-role-sous-estime-des-reassureurs-publics/ |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@misc{manickawasagar2026lutte, author = {Manickawasagar, Aatiraï}, title = {{Lutte contre l’expansion fossile : le rôle sous-estimé des réassureurs publics}}, publisher = {Reclaim Finance}, year = {2026}, month = sep, url = {https://reclaimfinance.org/site/2026/09/16/lutte-contre-lexpansion-fossile-le-role-sous-estime-des-reassureurs-publics/}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }