Bloomberg Law
May 24, 2023, 3:12 PM

ESG Attacks Prompt Urgent Talks as Insurers Quit Coalition (1)

Alastair Marsh
Alastair Marsh
Bloomberg News

The world’s biggest climate coalition for insurers is set to hold emergency talks after a wave of defections revealed the extent to which anti-ESG rhetoric in the US is unsettling members.

Signatories of the Net Zero Insurance Alliance are due to meet Thursday to discuss next steps after some of the group’s biggest members including Munich Re walked out, according to people familiar with the process who asked not to be identified discussing private information.

The development follows an escalation of Republican Party attacks on businesses and investors perceived to be embracing environmental, social and good governance goals. In a ...

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