Swiss Re has abandoned the Net Zero Insurance Alliance, without giving a reason.
Reinsurance giant cites potential for antitrust risks as it commits to pursuing decarbonisation goals on its own
The move by Asia’s second largest reinsurer is welcomed, but there are calls to restrict coal from its treaty business
As of 1 April 2023 reinsurer will no longer invest in or insure projects exclusively covering new oil and gas fields
Pledges are in line with Fidelis’ recently made pledges as a member of the Net-Zero Insurance Alliance
Insurance giant is the first Japanese firm to join three net zero alliances under the umbrella of the Glasgow Financial Alliance for Net Zero
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