All Climate Change articles – Page 2
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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
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NewsCalifornia floods highlight need for “robust private market” - AM Best
Many homes covered by the NFIP would benefit from an excess policy above the NFIP coverage limit
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NewsCyber war exclusions top industry’s list of concerns for 2023
Climate change and ESG responsibilities will also shape the direction of travel this year, predicts RPC
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NewsShirel Stedman joins board of Flood Re
It is a ‘critical time’ for flood risk with climate change on the rise and Flood Re due to exit the market in just 16 years
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News2022 nat cats set new records with $120 billion in claims
Hurricane Ian accounted for half of insured losses, making it the second most costly storm in history - Munich Re
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NewsChubb launches dedicated climate transition unit
The unit brings together traditional, alternative and renewable energy, climate tech, agribusiness and risk engineering
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NewsEastern Australia floods top 2022 ex-US cat losses for insurers
The floods cost insurers $4.7 billion, while European winter storms generated $4.2 billion in claims - CRESTA
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NewsKCC puts Winter Storm Elliott losses at $5.4 billion
Estimate includes the privately insured damage to residential, commercial, and industrial properties and vehicles
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NewsHowden appoints Marc Lehmann as head of Climate Analytics
He joins from Jupiter Intelligence, a climate risk data and analytics provider
