The German insurer Munich Re said on Friday that it was withdrawing from an industry-wide alliance of insurers focused on reducing carbon emissions.
Munich Re Group logo is seen on a smartphone in front of displayed stock graph in this illustration taken, December 1, 2021. REUTERS/Dado Ruvic/Illustrationsaid on Friday that it was withdrawing from an industry-wide alliance of insurers focused on reducing carbon emissions.
Munich Re said it would exit the Net-Zero Insurance Alliance to avoid antitrust risks but that it was sticking to its own climate targets.
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