Recommended: No Known Exposure to Destructive Companies

Covéa Insurance is the UK subsidiary of the French mutual insurance group Covéa Group, a significant player in European property and casualty insurance and a global reinsurer through its PartnerRe acquisition. In the UK, Covéa offers a wide range of personal lines products including home and motor insurance, and commercial insurance to businesses via brokers.

Covéa Group publicly states its commitment to a “low-carbon trajectory” and aims to accelerate the transition towards a more sustainable society. Its 2023 ESG report confirms an exclusion policy for direct investments in thermal coal and an extension of this to unconventional oil and gas-related activities by 2030. However, Covea does not explicitly rule out all new conventional oil and gas projects in its underwriting portfolio. Our research hasn’t found underwriting of fossil fuels by Covea.