Insurance Group Loses More Members After GOP Attacks on ESG
- At least a half-dozen firms have left the global climate group
- GOP AGs cheer departures after singling out insurance group
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The list of firms walking out of the Net Zero Insurance Alliance continued to grow this week, adding to an exodus as the industry struggles to navigate anti-ESG attacks led by the Republican Party.
The latest round of defections includes Tokio Marine Holdings Inc., Japan’s largest insurer by market value, as well as Grupo Catalana Occidente. Others include UK giant Lloyd’s of London, MS&AD Insurance Group Holdings Inc. and Sompo Holdings Inc.