All Climate Change articles
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NewsClimate change will add 10%+ to cost of US hurricanes over next 20 years – Aon
Aon’s work with Columbia University has come up with an estimate for the cost of climate change to the reinsurance industry’s peak peril.
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NewsSwiss Re joins exodus from NZIA
Swiss Re has abandoned the Net Zero Insurance Alliance, without giving a reason.
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NewsAon launches climate analytics, advisory unit
Aon’s new Climate Risk Advisory team will use the broker’s Impact Forecasting models to provide physical risk diagnostics and advisory services on climate-related financial risks.
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NewsMunich Re Specialty Group targeting ‘the E in ESG’
Green Solutions launched in a bid to take a leading position in the London market’s sustainability ambitions.
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NewsEnergy pricing, transition pushing back climate focus – Beazley
Current fears about energy prices and the need to transition may be blinding insureds to the existential threat that climate change poses, London market specialty insurer Beazley warns.
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NewsMunich Re quits Net Zero Insurance Alliance
Reinsurance giant cites potential for antitrust risks as it commits to pursuing decarbonisation goals on its own
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NewsCyclone Gabrielle costs NZ insurers $1.5 billion
Catastrophes represent ”one of the most challenging periods for the insurance industry since the Canterbury earthquake sequence” - PERILS
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NewsIndustry cannot be expected to foot climate bill – Swiss Re
‘Holistic adaptation roadmaps that cut across all levels of society and sectors are vitally needed,’ says UK and Ireland chief executive
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NewsMozambique gains parametric cyclone solution
Africa Specialty Risks is lead reinsurer in the $35m placement for Africa’s second most disaster prone country
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NewsHurricane Ian drives 2022 nat cat claims to breach $100 billion
Losses paint a picture of growing property exposure and exceptional inflation, says sigma
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NewsDjibouti signs five-year disaster risk financing deal with ARC
Deal to protect climate-vulnerable communities in the Horn of Africa covers drought and excess rainfall
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NewsDWIC 2023: Insurers are 'on the frontline' in the climate crisis
The insurance industry must “drive the pathway to net zero”, explained Dame Susan Rice in a fireside chat
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NewsDWIC 2023: ‘Force’ needed to spark industry climate action
As the consequences of climate change endure, further industry regulations will be required to halt its effects
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News‘Be part of climate conversation,’ DWIC 2023 delegates urged
With COP28 heading to the city in November, this year’s DWIC opened with a rallying cry for the industry to focus on the climate
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NewsNat cats will continue to test reinsurers in 2023 - Moody’s
However, strong price increases coupled with higher investment income from rising interest rates will boost profitability
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NewsReport tackles climate modelling uncertainty
Regulators have different approaches, resulting in a lack of consistency and hindering re/insurers efforts
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NewsChaucer will “embed” ESG into underwriting model
The company intends to embed a pre-bind tool to determine the ESG score of prospective clients
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NewsSpecialty MGA UK buys specialist crop and forestry insurer
Merger offers access to Lloyd’s and worldwide markets as investors focus attention on forestry for carbon sequestration
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NewsLMA ‘sharply focused’ on supporting market’s transformation
Will lend its expertise to issues around systemic cyber, climate litigation, renewable energy and international wordings
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News“Fingerprints of climate change” evident in 2022 nat cats
2022 is the fifth year since 2017 in which insurance losses have crossed the $100 billion threshold - Gallagher Re