Key climate alliance for insurers reiterates members will comply with antitrust laws

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Key climate alliance for insurers reiterates members will comply with antitrust laws
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The U.N. convened Net-Zero Insurance Alliance has reiterated members will comply with antitrust laws, following the decision of Munich Re and Zurich Insurance to exit the group in recent weeks.

Munich Re , the world's largest reinsurer, said on March 31 it was leaving the group to avoid antitrust risks. Zurich Insurance

, which followed on April 5, said its decision to withdraw was not linked to Munich Re and declined to comment on the issue of antitrust.the perceived threat of antitrust risks -- how far companies can collaborate on climate goals without breaching competition rules or be accused of collusion.

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