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Swiss Re leaves Net-Zero Insurance Alliance

May 23, 2023


Swiss Re, the world’s number two reinsurer, has joined fellow reinsurance giants Munich Re and Hannover Re in cutting ties with the United Nations-convened Net-Zero Insurance Alliance (NZIA).

In an emailed statement to Reuters, Swiss Re confirmed its decision to leave the NZIA but did not cite the reason behind the move.

Hannover Re, the third largest reinsurer, also chose not to outline its reasons when the company’s departure from the NZIA was announced in April. Two other major names – global provider Zurich Insurance Group and top reinsurer Munich Re – already left before then.

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