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Who continue to be members of Net-Zero Insurance Alliance?

Major names, including chair AXA, have left the Net-Zero Insurance Alliance (NZIA) in quick succession over the past two months – so, who remain as members amid US Republicans’ allegations of antitrust breaches?

From around 30 previously, the NZIA’s members count is now down to 17. According to the consortium’s website, as of this writing, the following companies continue to be part of the United Nations-convened group:

  1. Achmea

  2. American Steamship Owners Marine Insurance Company (Europe) Ltd (formerly known as Hellenic Hull Management)

  3. ASR Nederland N.V.

  4. Aviva Plc

  5. Beazley Group Plc

  6. Beneva

  7. Crédit Agricole Assurances

  8. Fidelis Insurance Holdings

  9. Generali Group

  10. ICEA LION Life Assurance Company

  11. Insurance Australia Group

  12. Intesa Sanpaolo Vita

  13. KB Insurance

  14. La Mutuelle Assurance des Travailleurs Mutualistes (Matmut)

  15. NN Group N.V.

  16. Samsung Fire & Marine Insurance

  17. Shinhan Life Insurance

Broken down by region, 10 of the remaining NZIA members come from Europe; four, Asia-Pacific; two, North America; and one, Africa and Middle East.

As for the departures, they appear to be in response to pressure from the US. As reported, attorneys general from Alabama, Alaska, Arkansas, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Montana, New Hampshire, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Utah, Virginia, West Virginia, and Wyoming previously wrote a letter to NZIA members to express certain “legal concerns”.

Last week, the United Nations Environment Programme (UNEP) said in a statement: “The NZIA has provided a framework that enables insurers and reinsurers and other insurance market participants across the globe to individually start or propel their respective net-zero insurance journeys and take urgent and ambitious individual, unilateral climate action.

“This is why UNEP will continue to strengthen and deepen its collaborative work with the insurance industry and key stakeholders to advance net-zero insurance thinking and practices globally.”

Former members of the NZIA include Munich Re, Zurich, Swiss Re, Allianz, and Lloyd’s.


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