Swiss Re Insured Farms Tied to Brazil Deforestation, Report Says

Swiss Re AG insured farms accused of illegal deforestation in Brazil, according to research group Repórter Brasil.

The Zurich-based firm signed at least 19 contracts between 2016 and 2022 with farms who have been linked to illegal deforestation, Repórter Brasil wrote in an investigation on Friday.

The outlet also said Swiss Re had insured agricultural businesses active in protected indigenous areas, as well as farms that kept workers in “slavery-like conditions.”

“We take all sustainability matters seriously and are reviewing available information,” Swiss Re said by email when contacted by Bloomberg News, adding that the “individual policies in question are ...