BoE Governor Mark Carney’s climate alliance sounds alarm on ‘political attacks’ on insurers
“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.
Japan’s SOMPO Holdings, a major Asian insurer, was no longer on the list of members on NZIA’s website on Friday. It would be the first insurer outside of Europe to quit the alliance. A SOMPO spokesperson did not immediately respond to a request for comment. According to the NZIA website, it now has 23 members including Aviva, Lloyd’s of London and Tokio Marine Holdings.
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