With a watered-down NZIA, where do insurers' climate commitments stand?
After six of the eight founding members left the Net-Zero Insurance Alliance, Joshua Geer investigates if their ambitions stand
Munich Re leaves the NZIA, citing antitrust concerns
Munich Re has discontinued its membership of the Net-Zero Insurance Alliance (NZIA), a coalition of insurers that have committed to cut their underwriting and investment portfolios to net-zero emissions by 2050.
WTW unveils US coral reef insurance policy
Munich Re to refuse coverage for new oil and gas fields
Munich Re is to stop insuring and investing in projects for new oil and gas fields, midstream oil infrastructure and oil-fired power plants, in a bid to meet Paris Agreement climate targets.
Munich Re calls for more clarity on sustainable underwriting standards
Internal and external standards required to embed sustainability into reinsurers' underwriting activities are not yet established and this is proving a concern for the sector, Munich Re's reinsurance CEO has warned.
Rebuttable presumptions rebutted in comment letters to EFRAG
Concerns over the rebuttable presumptions approach to reporting in the draft European Sustainability Reporting Standards (ESRS) diluting the quality of reporting and overburdening entities...
Munich Re joins WTW's expanded coral reef protection venture
Willis Towers Watson (WTW) has expanded its endangered coral reef protection programme and appointed Munich Re as an additional insurance capacity provider.
Munich Re rejects African crude oil pipeline
'Game-changing' parametric insurance deal for Belize blue bond
Willis Towers Watson (WTW) has designed the first sovereign debt insurance 'catastrophe wrapper' for the recent 'blue' bond issued by Belize, describing the parametric insurance deal as a "game changer" for coastal nations for building economic and environmental resilience.