Axis Capital, a top-10 Lloyd’s of London insurer, has become the latest to say it will not offer insurance cover for companies looking to build new coal-fired power stations, joining a list that includes Axa, Zurich and Allianz.

Axis, a Bermuda-based but US-centric “specialty insurer” — one that offers insurance products to higher-risk clients — expanded in 2017 with the acquisition of UK-based Novae, which gave it a 10th-place ranking on the Lloyd’s market by premiums written, according to industry publication Atlas Magazine. It is making a push in insuring renewable energy.