The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of defections includes …
“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …
The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust violations. On Thursday, French insurers AXA SA and SCOR SE, as well as Allianz SE of Germany, became the latest …
A global climate alliance for insurers needs to make its membership rules less prescriptive or risk falling apart, the boss of Lloyd’s of London said after political pressure from some U.S. states prompted some companies to leave. The United Nations …
The world’s biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the US is unsettling members. Signatories of the Net Zero Insurance Alliance are due …
The United Nations Environment Programme on Wednesday said “recent discussions within the United States” had been behind four insurance firms quitting a UN-convened alliance aimed at reducing carbon emissions in recent months. Republican federal and state lawmakers, governors, and attorneys …
Insurers are being forced to rethink their approach to climate change as they assess the risk of being sued for antitrust violations. Munich Re, the world’s biggest reinsurer, recently backed out of the Net Zero Insurance Alliance citing what it …
Cannabis enthusiasts have the 4/20 holiday, but in two days some 7.9 billion people have cause to celebrate. Earth Day is Saturday, and while today’s eyes are on the cannabis holiday, the media is already starting to turn coverage to …
German reinsurer Hannover Re on Wednesday became the third major company to leave a global climate alliance focused on reducing emissions that has faced growing political pressure in the United States. Hannover said in an emailed statement that it was …
Hannover Re has developed an additional retrocession tool that for the first time enables the capital markets to participate directly in coverage of its cyber risks through a quota share cession. Longstanding partner Stone Ridge is supporting the transfer with …
