CLIMATE AND SUSTAINABILITY – Page 4
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NewsSwiss Re takes drastic action to cut RVS carbon footprint
There is a very obvious impact from climate change on secondary perils after a summer of extremes
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NewsClimate change discussion is ‘more urgent than ever before’ to gain independence from Russia
Reinsurer cites dual motivations as to why climate change and the transition to net zero carbon emissions needs to be pushed up global agendas
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NewsInsuring the transition
The industry has a ‘once in a lifetime’ chance to support the transition to Net Zero. So what are we waiting for?
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NewsMoody’s downgrades Peak Re to Baa1; outlook negative
It follows rating action against majority shareholder, Fosun, amid contagion concerns
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NewsMarsh launches green and blue hydrogen insurance facility
Led by AIG and Liberty Specialty Markets, the facility offers up to $300m per risk including cover for property damage and BI
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NewsInsurance M&A hits ten-year high
The sale of Athene Holding to Apollo Global Management for $7.7 billion is deal of the year so far - Clyde & Co
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NewsWTW appoints Conway to head Ecosystem Resilience practice
She was Lead Climate Finance Negotiator for the US delegation to the UN Framework Convention on Climate Change
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NewsEuropean wildfires rise 75% YOY
As wildfires have only recently been considered a material peril, the modelling is not as developed, finds Chaucer
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NewsRe/insurers adapt underwriting to better price climate risks
Conduct risks such as ‘greenwashing’ stand to be major source of environmental liability claims
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NewsILS capacity will be essential for energy transition risks
Innovative risk transfer solutions will be needed for emerging technologies as energy markets transition, says Neil Eckert
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NewsGallagher Re & Africa Re partner to tackle Africa’s protection gap
Regional drought conditions and the global political environment call for prompt action around resilience and risk transfer solutions
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NewsThousands evacuate as Sydney floods
Over 30,000 people have been impaced as heavy rain and flooding continues to impact New South Wales
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NewsSompo joins Net Zero Insurance Alliance
Insurance giant is the first Japanese firm to join three net zero alliances under the umbrella of the Glasgow Financial Alliance for Net Zero
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NewsMoody’s places Peak Re on negative review
Contagion risks to Peak Re could “increase as Fosun’s credit profile weakens”
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NewsLloyd’s targeted by Mary Poppins-themed flash mob
Protestors called on Lloyd’s to take concrete climate action and protect the next generation
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NewsDon’t over-promise on net zero, warns Greenberg
Re/insurers could face ‘greenwashing’ lawsuits if they fail to deliver on climate transition pledges, warns Chubb boss
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NewsGeneva Association appoints new board members
Association has become a supporting institution of UNEP-FI’s Principles for Sustainable Insurance
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NewsWorld’s first carbon insurer launches
Kita’s focus is carbon removal, insuring “carbon delivery risk” to enable carbon removal solutions to scale
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NewsMunich Re kicks off Costa Rica carbon removal project
TreeTrust is planting trees across more than ten million square metres of former grassland in northern Costa Rica
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NewsClimate change to become a ‘persistent drag’ on profitability
Re/insurers are likely to be able to bear the costs of the transition to net zero - Bank of England
