Hannover Re also parts ways with the NZIA
Hannover Re has left the Net-Zero Insurance Alliance (NZIA) becoming the third re/insurer to depart the alliance in the last four weeks.
Coal business resorts to "haphazard coalition" of insurers as giants retract
Financiers and governments at risk if they accept inexperienced underwriters, says Insure Our Future
Allianz to halt investments in new oil and gas fields
And will require 'net-zero by 2050' commitment from hydrocarbon producers
Insurers' oil and gas activities to be next under spotlight
Re/insurers around the world should limit their support for oil and gas projects and have until mid-September to explain the measures they are taking to reduce exposure to the sector, according to environmental NGOs.
Hannover Re backs impact fund for natural disasters
Hannover Re is backing a novel impact fund that aims to mitigate losses arising from natural disasters in developing countries.
NN Group announces restrictions on coal-related underwriting
NN Group is to stop providing insurance services to companies that derive more than 30% of their revenues from thermal coal mining from 1 July.
Hannover Re defends coal investing
Reply to criticism comes on heels of Vienna Insurance Group's own defence
Severe natural catastrophes in 2017 leave Europe's non-life insurers nursing losses
Last year's spate of severe natural catastrophes caused Europe's non-life insurers cumulatively to make a loss from covering property damage.
Swiss Re sets thermal coal re/insurance threshold
Swiss Re will, from today, no longer provide re/insurance services to businesses with more than 30% exposure to thermal coal. The group already applies the same 30% threshold to the asset side of its balance sheet.
73% of German insurers' investments are 'sustainable'
Almost half want to make more ESG allocations