Ignoring calls by the UN to end the construction of new coal power plants, Poland is pushing ahead with plans to expand its coal network – and four European insurers are still willing to support it.
Talanx from Germany, Vienna Insurance Group (VIG) and UNIQA from Austria, and Poland’s PZU are filling in a gap created by the exit of major players Allianz, Generali, and Munich Re. The latter three insurers have pledged to stop underwriting new coal power plants, despite having been major underwriters of Polish coal in the past.
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