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Insurers becoming too risky for UniSuper

James FernyhoughReporter
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Increasing wild weather and rising sea levels are making insurance Australia's riskiest industry, says UniSuper chief investment officer John Pearce, prompting his fund to take an underweight position in the sector.

UniSuper CIO John Pearce says the fund is "very light" on general insurance stocks because of climate risk.  

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James Fernyhough writes about telecommunications, insurance and financial services. He's based in the AFR's Melbourne office. Connect with James on Twitter. Email James at james.fernyhough@afr.com.au
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    Original URL: https://www.afr.com/companies/financial-services/insurers-becoming-too-risky-for-unisuper-20210108-p56sqp