Two more insurance firms are refusing to underwrite the controversial East African Crude Oil Pipeline. Arch Capital Group and AEGIS London join 19 other major insurance and reinsurance firms in publicly refusing to cover the proposed pipeline in response to mounting pressure from activists. The pipeline, backed by France’s TotalEnergies and the China National Offshore Oil Corporation, would transport oil extracted from a Ugandan national park to a Tanzanian port. (Reinsurance News, Commercial Risk, Business Insurance)