Joshua Geer

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.

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.

Insurers' 'failed' climate engagement strategy draws new demands from campaigners

Insurers' climate engagement strategies are failing as major oil and gas producers show no sign of adopting credible net-zero pathways, according to climate campaigners.

Swiss Re reduces carbon intensity of corporate bonds and equities by 42%

The carbon intensity of Swiss Re's combined corporate bond and listed equity portfolio decreased by 42% at the end of 2022, compared with the 2018 base year, it reported.

Phoenix estimates 20% of equity and credit assets exposed to high transition risks

Some 20% of Phoenix's listed equity and credit portfolios are exposed to sectors at high risk in the transition to a net-zero economy, such as energy, utilities, industrials and materials.

Aviva completes divestment of £2.5bn in fossil fuel companies

Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.

Zurich excludes five fossil-fuel companies with non-credible transition plans

Zurich has excluded five companies from its investment and underwriting activities as it no longer considered their "progress against transition plans to be credible".

Only 23% of climate-related losses in Europe are insured, says EIOPA

Build up capital buffers to withstand the climate crisis, insurers told

Insurers and banks are massively underestimating climate risk, and the financial institutions' capital buffers will prove largely insufficient to cover the resulting losses, according to Finance Watch.

Eiopa: how we plan to stop insurers greenwashing

Europe's insurance authority explains its plans to address greenwashing, including how the term is defined and what measures it intends to take to prevent it, in this Q&A with Joshua Geer