ESG
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Munich Re, Swiss Re, Hannover Re and Zurich have all abandoned the project in the past eight weeks.
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A report from WTW and the Institute of International Finance has found little correlation between companies’ operation emissions intensity and their climate transition value-at-risk.
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The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.
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In the latest threat to the NZIA, 23 state AG have warned members that collaboration on decarbonization targets may not square with federal law.
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Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Maria Guercio, Melanie Markwick-Day and Jared Concannon join the unit as executives.
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The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.
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