Third largest reinsurer steps away
In a span of three weeks, three main names have left the United Nations-convened Internet-Zero Insurance coverage Alliance (NZIA) – this time round we see Hannover Re, the third largest reinsurer on this planet, head for the door.
“Hannover Re stays dedicated to its sustainability technique, the related targets and its help for the Paris Settlement, and goals to realize full local weather neutrality by 2050 on the newest,” mentioned the Talanx Group model.
In keeping with Hannover Re – which Insurance coverage Enterprise understands is a Local weather Alliance Hannover 2035 member – it has operated with a net-zero carbon footprint at its Hannover location since 2016, with that very same goal set for all the firm’s enterprise operations worldwide to succeed in by the yr 2030.
The NZIA has not publicly reacted to any of the departures.
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