Lloyd’s underwriters Tokio Marine Kiln and ERS Insurance have signalled they will not have anything to do with the Adani Carmichael coal mine in Queensland, according to shareholder activist group Market Forces.

The group says it has received commitments from the two underwriters ruling out future involvement with the controversial project, reproducing their policy positions in a media release last week.

Tokio Marine Kiln in its statement says “we regularly review our portfolios and risk appetite in line with our broader organisational goals and can confirm that [we] would not participate in any future underwriting contracts on this project”.

The statement from ERS Insurance says the underwriter “is pleased to confirm that ERS will not be involved in any way” with the coal mine.

Market Forces and climate activists have been waging a pressure campaign to stop insurers from providing insurance for the controversial project owned by India’s Adani Group.

Earlier this month leading Lloyd’s insurer and reinsurer MS Amlin said it is not involved and has no intentions to participate in the underwriting of the project.

Australia’s three biggest insurers – IAG, QBE and Suncorp – have all previously said they are not involved with the open pit mine in central Queensland.