Insurers Flee From Woke ESG Initiatives
May 5, 2023
Zurich Insurance Group, along with Hannover Re and Munich Re, recently backed out of the Net Zero Insurance Alliance. Munich Re cited what it called the “material” legal risks it would face if it remained. All three said they’ll still pursue net zero goals, just not in coordination with an alliance.
READ MORE: Insurers Change Their ESG Strategy Amid Antitrust Threats – Bloomberg