CLIMATE AND SUSTAINABILITY – Page 6
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NewsAM Best lowers Argo Re’s BCAR score
Material adverse reserve development in 2021 raises new concerns
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NewsClimate protesters block Lloyd’s entrance
Extinction Rebellion has blocked access to the market as it calls on re/insurers to stop insuring fossil fuel projects
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NewsO’Donnell is named chair of ClimateWise
Kevin O’Donnell, president and CEO of RenaissanceRe, will head up the industry climate action body
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NewsGulf Business News: DIFC, Global Ethical Finance Initiative join hands to support COP28 agenda
DIFC and GEFI aim to drive change across the world’s financial industry relating to delivering net zero, unlocking Islamic finance, financing nature and biodiversity, and financing sustainable development goals
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NewsFidelis introduces new fossil fuel restrictions
Pledges are in line with Fidelis’ recently made pledges as a member of the Net-Zero Insurance Alliance
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NewsSupport our transition journeys, FERMA urges re/insurers
Exclusions, limited or unavailable cover are ‘punishing’ insureds for embracing the green transition, says European risk association
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NewsWTW buys climate risk analytics firm
Fintech Butterwire will be integrated into WTW’s Climate and Resilience Hub in Glasgow
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NewsSwiss Re enters Lloyd’s Lab
The reinsurer has entered the accelerator’s eighth cohort with an ESG proposition
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NewsInsuring the transition to net zero
Why insurers have a critical role to play in the shift away from fossil fuels
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NewsDWIC2022: ESG: Rising to the challenge - Middle East potential
Insurers and brokers who undercut the environmental, social, and corporate governance standards (ESG) will face ‘catastrophic’ consequences, a roundtable on the topic heard.
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NewsMarsh launches ESG risk rating measure
Insureds can use the results to improve their ESG risks, and gain access to additional insurance market capacity
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NewsSwiss Re debuts ‘enhanced’ oil and gas policy
Reinsurance firm Swiss Re will no longer provide individual insurance covers for the top 10% of the most carbon-intensive oil and gas producing companies from July 2023.
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NewsBiodiversity risk to become material by 2024
Corporates have just two years to improve due diligence around biodiversity throughout their value chains - report
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NewsChaucer and Moody’s launch ‘game changing’ ESG scorecard
Tool will evaluate businesses’ risks and opportunities based on 158 different ESG metrics
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NewsClimate crisis is ‘biggest long-term threat facing humanity’
Worries around climate change and the associated risks dominate global concerns, according to the latest report by international non-governmental and lobbying organisation the World Economic Forum (WEF).
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NewsInsolvencies, ESG and cyber are key risks for D&Os in 2022
Risk managers and their D&O insurers should also closely monitor potential exposures to US derivative actions, warns AGCS
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NewsMS Amlin Underwriting hires head of sustainability and ESG
The appointment ‘signals MS Amlin’s continued commitment to investing in and building on our ESG expertise and capabilities’, says director of strategy and transformation
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NewsLloyd’s chairman divulges market’s road map to hit net zero
Lloyd’s of London’s chairman Bruce Carnegie-Brown has outlined the market’s road map to achieving net zero.
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NewsThe cost of a sustainable supply chain
How sustainability initiatives within the full lifecycle of goods and services benefits the bottom line and enhances reputations
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NewsEIOPA welcomes Solvency II proposals from the European Commission on sustainability
EIOPA believes that it is important to explore prudential treatment of exposures related to assets or activities associated substantially with environmental or social objectives.
