The success of Republicans in triggering the breakup of a coalition of insurance firms aimed at tackling climate change is down to U.S. states being the industry’s primary regulator, interviews with industry executives and former officials show. The U.N.-backed Net-Zero …
The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party. The latest round of defections includes …
“Political attacks” are interfering with insurers’ efforts to price climate risks, the Glasgow Financial Alliance for Net Zero said on Friday, after a wave of insurers quit an industry climate group following pressure in the United States. “These political attacks …
The world’s biggest climate alliance for insurers has started hemorrhaging members, after Republican attorneys general accused the group of antitrust violations. On Thursday, French insurers AXA SA and SCOR SE, as well as Allianz SE of Germany, became the latest …
AXA Venture Partners announced a new €1.5 billion ($1.6 billion) late-stage fund to invest in European and North American tech startups, targeting companies that expect to go public within three to four years. French insurance company AXA SA, AVP’s biggest …
AXA, Europe’s second-biggest insurance company, posted a better-than-expected key capital buffer measure in the first quarter, reassuring investors on its capacity to generate cash as it navigates a higher interest rate environment. The group’s solvency II ratio – a measure …
British patients are turning to private health care as the National Health Service struggles with mass strikes, long waiting lists and budget constraints. Insurance company Vitality Health Ltd. said its policies cover nearly a million people in the UK, compared …
Zurich Insurance Group AG is leaving a coalition of major insurers that have committed to reach net-zero emissions, the second high profile exit from the group in a matter of days. The Swiss insurer said in a statement that it’s …
A group of climate activists has called on 30 insurance company bosses to “immediately” stop underwriting new fossil fuel projects in the wake of a stark climate warning from U.N. scientists, a letter seen by Reuters showed. Insure our Future, …
AXA said on Monday it was selling virtually all of the 8% stake in Monte dei Paschi di Siena acquired when it invested into a make-or-break new share issue at the state-owned Italian bank. AXA paid 200 million euros in …
