Insurance

Allianz, Axa and Scor have withdrawn from the Net-Zero Insurance Alliance (NZIA), taking the total number of departures from the coalition to seven.

The UK life insurer sets out five key targets to reach interim targets

Chubb'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.

The European Insurance and Occupational Pensions Authority (Eiopa) has launched free software in a bid to help bring climate and natural catastrophe modelling to a wider range of users.

Talanx has reduced its thermal coal infrastructure risks by 17.7% as of year-end 2022 compared with a 2019 baseline.

Allianz did not proceed with insurance transactions for 33 customers due to "severe" sustainability risks.

Aviva's Capital Partners (ACP) is to invest £20 million ($24.9 million) into the equity of TopHat, a manufacturer of modular, low-carbon homes, to finance a new factory employing 1,000 workers.

The creation of a pan-EU public scheme for "less frequent, large-scale disasters" could complement existing insurance offerings and contribute to closing the climate insurance protection gap, two major European supervisors have said.

The 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.

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

Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023, which means this week is the last chance to apply.

Zurich has become the second founding member to withdraw from the Net-Zero Insurance Alliance (NZIA) only days after Munich Re's departure from the alliance.

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