Recommended: No Known Exposure to Destructive Companies

UMAL, which stands for Universities and Colleges Mutual Ltd, is a unique specialist insurer in the UK that operates as a mutual. Owned by its member institutions—higher and further education colleges—UMAL does not have shareholders and its profits are returned to its members as a return of contributions. Its business is entirely focused on providing a packaged solution of cover tailored for the education sector, ranging from property damage and business interruption to professional indemnity and medical malpractice. As a non-profit mutual with a highly specific client base, UMAL’s exposure to fossil fuels through its underwriting is non-existent. Its business lines do not include energy, marine, or other carbon-intensive industrial risks. The company’s ESG investment policy applies a negative screening filter to exclude corporate bonds from certain sub-sectors, demonstrating a cautious approach to its investment portfolio.