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Insurers team up for net-zero alliance

The United Nations’ new Net-Zero Insurance Alliance brings together the world’s leading insurers and reinsurers in order to tackle the climate crisis

Eight of the world’s biggest insurers and reinsurers are teaming up to accelerate the transition to net-zero emissions economies.

The United Nations’ (UN) new Net-Zero Insurance Alliance brings together the world’s leading insurers and reinsurers in order to tackle the climate crisis

Founding members of the group include AXA , Allianz, Aviva, Generali, Munich Re, SCOR, Swiss Re, and Zurich.

The group is convened by the UN Environment Programme Finance Initiative and chaired by AXA’s group chief risk officer, Renaud Guidée.

Each insurance group has committed to individually transition their underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050.

In a statement, the UN Environment Programme Finance Initiative said: “The NZIA will build on the pioneering work that the founding signatories have already begun as investors through their membership of the Net-Zero Asset Owner Alliance where all eight NZIA founding members are already individually setting science-based 2025 decarbonisation targets for their respective investment portfolios in line with a net-zero transition pathway.”

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