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Chubb: we have "no control" over insureds' emissions
17 May 2023Chubb's board of directors has said it has no control over its insureds' emissions and no basis to know how any change in its underwriting or investment activity would reduce such emissions.
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Talanx powers down its thermal coal underwriting exposure
02 May 2023Talanx has reduced its thermal coal infrastructure risks by 17.7% as of year-end 2022 compared with a 2019 baseline.
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Allianz turns down 33 insurance customers in 2022 due to sustainability risks
26 April 2023Allianz did not proceed with insurance transactions for 33 customers due to "severe" sustainability risks.
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Transition plans key to stave off threat to financial stability, says Aviva's Waygood
25 April 2023Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.
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Beneva becomes first North American insurer to join NZIA amid turbulence
21 April 2023 -
Moody's: NZIA departures erode alliance confidence, regardless of antitrust exposure
20 April 2023The exit of large founding members could erode confidence in the Net Zero Insurance Alliance (NZIA), even where US antitrust risks are not a material factor, according to the rating agency Moody's.
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Hannover Re also parts ways with the NZIA
20 April 2023Hannover Re has left the Net-Zero Insurance Alliance (NZIA) becoming the third re/insurer to depart the alliance in the last four weeks.
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Munich Re leaves the NZIA, citing antitrust concerns
31 March 2023Munich 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.
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Insurers' 'failed' climate engagement strategy draws new demands from campaigners
28 March 2023Insurers' climate engagement strategies are failing as major oil and gas producers show no sign of adopting credible net-zero pathways, according to climate campaigners.
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Swiss Re reduces carbon intensity of corporate bonds and equities by 42%
16 March 2023The 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.