Joshua Geer

Allianz turns down 33 insurance customers in 2022 due to sustainability risks

Allianz did not proceed with insurance transactions for 33 customers due to "severe" sustainability risks.

Transition plans key to stave off threat to financial stability, says Aviva's Waygood

Unless a material price on carbon is reached and governments come up with 'sectoral transition frameworks', the world faces a threat to international security and financial stability, according to Aviva Investors.

Beneva becomes first North American insurer to join NZIA amid turbulence

Moody's: NZIA departures erode alliance confidence, regardless of antitrust exposure

The exit of large founding members could erode confidence in the Net Zero Insurance Alliance (NZIA), even where US antitrust risks are not a material factor, according to the rating agency Moody's.

Hannover Re also parts ways with the NZIA

Hannover Re has left the Net-Zero Insurance Alliance (NZIA) becoming the third re/insurer to depart the alliance in the last four weeks.

Munich Re leaves the NZIA, citing antitrust concerns

Munich Re has discontinued its membership of the Net-Zero Insurance Alliance (NZIA), a coalition of insurers that have committed to cut their underwriting and investment portfolios to net-zero emissions by 2050.

Insurers' 'failed' climate engagement strategy draws new demands from campaigners

Insurers' climate engagement strategies are failing as major oil and gas producers show no sign of adopting credible net-zero pathways, according to climate campaigners.

Swiss Re reduces carbon intensity of corporate bonds and equities by 42%

The carbon intensity of Swiss Re's combined corporate bond and listed equity portfolio decreased by 42% at the end of 2022, compared with the 2018 base year, it reported.

Phoenix estimates 20% of equity and credit assets exposed to high transition risks

Some 20% of Phoenix's listed equity and credit portfolios are exposed to sectors at high risk in the transition to a net-zero economy, such as energy, utilities, industrials and materials.

Aviva completes divestment of £2.5bn in fossil fuel companies

Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.