More insurers leave climate alliance NZIA

After the withdrawal of more members, the Net-Zero Insurance Alliance (NZIA) is facing an existential crisis. Within a few days, six more insurance companies have left the global climate alliance – including the French group Axa, which held the chair until its withdrawal. Paris-based reinsurer Scor, Japan’s Sompo, insurers QBE (Australia) and Mapfre (Spain), and insurance exchange Lloyd’s of London also declared their departure.