Axis Capital, a Bermuda-headquartered specialty insurer and global reinsurer, is often lauded for its proactive stance among insurers regarding fossil fuels. The company has a stated Fossil Fuel Policy committing to phasing out thermal coal from its underwriting and investment portfolios, with a target of zero exposure by 2030 in OECD countries. Furthermore, it explicitly rules out insuring new and existing oil sands extraction and pipeline projects, alongside any oil and gas activity in the Arctic National Wildlife Refuge. However, despite these steps, a significant gap remains. Axis Capital continues to underwrite broader conventional oil and gas projects outside these specific exclusions. This allows it to remain a financial enabler for industries actively expanding fossil fuel production, directly contributing to the climate crisis.