Insurer QBE Faces Investor Pressure Over Extreme Weather Risks

Australian Ethical Investment Ltd., a pension fund with about A$14 billion ($10 billion) under management, is pressuring QBE Insurance Group Ltd. over the potential threat extreme weather poses to future profitability.

The fund, which holds about A$65 million of QBE shares, has requested additional information from the Sydney-based insurer over its exposure to climate-related risks, and called for further annual assessments on the issue.