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NZIA exodus continues as Allianz, Axa and Scor depart
26 May 2023Allianz, Axa and Scor have withdrawn from the Net-Zero Insurance Alliance (NZIA), taking the total number of departures from the coalition to seven.
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Phoenix unveils net-zero transition plan
25 May 2023The UK life insurer sets out five key targets to reach interim targets
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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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Eiopa launches free app to help with physical climate risk modelling
17 May 2023The 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.
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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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Aviva Capital Partners to inject £20m into low-carbon modular housebuilder
25 April 2023Aviva'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.
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ECB and EIOPA call for EU wide natural disaster insurance scheme
24 April 2023The 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.
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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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Final days to apply for EF's Sustainable Investment Awards
11 April 2023Entries to Environmental Finance's annual Sustainable Investment Awards are open until 14 April 2023, which means this week is the last chance to apply.
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Zurich follows Munich Re in withdrawing from the NZIA
05 April 2023Zurich 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.
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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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