Swiss Re has become the latest participant to leave the Net-Zero Insurance Alliance (NZIA), following a string of departures from both protection insurers and reinsurers.
The NZIA is a member-led group that supports insurance members to decarbonise underwriting portfolios, all of whom provide annual reports on their progress. According to an emailed statement sent out yesterday (22 May), Swiss Re said: "Swiss Re has decided to withdraw from the Net-Zero Insurance Alliance with immediate effect. Our commitment to our sustainability strategy remains unchanged." The reinsurer marks the latest protection business to withdraw from the NZIA, following the departure of Munich Re in March, and both Zurich and Hannover Re in April. Upon Munich Re's departure...
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