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Axis Capital Rules Out Insuring Arctic Oil and Gas Projects Bloomberg 1/15/2021 Jennifer A. Dlouhy © Bloomberg The Trans Alaska Pipeline System (TAPS) stands near Copperville, Alaska, U.S., on Tuesday, Feb. 14, 2017. Four decades after the Trans Alaska Pipeline System went live, transforming the North Slope into a modern-day Klondike, many Alaskans fear the best days have passed. (Bloomberg) Axis Capital Holdings Ltd. said it won’t insure oil and gas projects in the Arctic National Wildlife Refuge, becoming the first North American underwriter to make the commitment after pressure from native Alaskans and environmentalists. Popular Searches The move follows similar pledges from France’s Axa SA and Swiss Re AG and comes as indigenous tribes that live in Alaska and Canada push investors, oil companies and insurers to end their support for Arctic oil drilling.

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