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Hannover Re has left the Net-Zero Insurance Alliance (NZIA) becoming the third re/insurer to depart the alliance in the last four weeks.

Financiers and governments at risk if they accept inexperienced underwriters, says Insure Our Future

And will require 'net-zero by 2050' commitment from hydrocarbon producers

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 is backing a novel impact fund that aims to mitigate losses arising from natural disasters in developing countries.

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.

Reply to criticism comes on heels of Vienna Insurance Group's own defence

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 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.

Almost half want to make more ESG allocations