Daily Digest: Reputational risks of insuring fossil fuels, High ESG ratings improve underwriting performance, Legal focus on e-scooters

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Munich Re's Hoare warns of reputational risks of insuring fossil fuels Re/insurers that continue to underwrite fossil fuels as other carriers reduce capacity in this area in the face of shareholder and activist pressure will not benefit in the longer term, according to a senior industry figure. Speaking at a New Statesman conference, Dominick Hoare, group chief underwriting officer at Munich Re Syndicate, said while such "bad actors" may profit in the short term, this would not last given the potential reputational damage.