AXA, SCOR and Sompo join exodus from Net Zero Insurance Alliance

John Brazier
clock • 4 min read
Credit: iStock
Image:

Credit: iStock

Latest spate of departures from UN-convened climate initiative follows Swiss Re earlier this week, joining Zurich, Munich Re and Hannover Re on exit list in recent months

The exodus from the Net Zero Insurance Alliance (NZIA) continues, with AXA, reinsurer SCOR and Japan's Sompo Holdings the latest to announce their intention to exit the embattled UN-convened group this...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Investment

Clean Growth Fund secures initial £49m in backing for UK climate tech

Clean Growth Fund secures initial £49m in backing for UK climate tech

Climate tech venture capital firm has raised almost a third of £150m target to accelerate net zero innovation

Stuart Stone
clock 18 August 2025 • 2 min read
'Building consistency': Transition Finance Council unveils draft guidance

'Building consistency': Transition Finance Council unveils draft guidance

Consultation launched on new guidelines that aim to help boost finance for carbon intensive sectors looking to transition towards net zero

Stuart Stone
clock 18 August 2025 • 4 min read
ABF to close UK's largest bioethanol plant after government funding talks fail

ABF to close UK's largest bioethanol plant after government funding talks fail

Vivergo Fuels facility in Hull produces 420 million tonnes of bioethanol a year, as well as 400,000 tonnes of animal feed

Michael Holder
clock 15 August 2025 • 4 min read