ESG Climate Risk
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WTW re-focuses climate practice with risk and analytics capabilities
WTW is to bring its climate and risk & analytics capabilities more closely together under common leadership. The broker has…
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Insurance Europe calls for action on climate change adaptation
Governments around the world must adopt “profound” climate change adaptation measures to reduce the risk exposure to natural catastrophes and…
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US severe convective storm losses exceed $50bn, says Gallagher Re’s Bowen
Severe convective storms in the US have breached annual insured losses of $50bn for the first time before the year…
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Dutch and German insurers unite to face flood risk
The Dutch insurance association (VVV) is working with its German equivalent (GDV) in key areas of mutual concern such as…
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Sedgwick launches climate risk and resiliency programme
Sedgwick has launched a climate risk and resiliency programme designed to address the impact of climate-related losses. The multidisciplinary solution,…
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Australian insurers warn of heighted bushfire risk
The Insurance Council of Australia (ICA) has warned about the heightened risk of wildfire during the current El Niño conditions,…
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Zurich calls for bolder climate policies to support net zero targets
Most companies (77%) across key sectors have a net-zero plan in place, according to research from Zurich Insurance, with 70%…
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FM Global releases $350m credit for clients’ climate resilience projects
FM Global said it will distribute a $350m resilience credit to its clients to invest in risk mitigation measures against…
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Zurich and KPMG partner on climate change advisory services
Zurich and KPMG have entered a strategic collaboration to provide climate change advisory services. The partnership between Zurich Resilience Solutions,…
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Munich Re vows to invest more in climate friendly technology
Risk and insurance managers across Europe are becoming increasingly frustrated with the apparent inability of the insurance sector to back…
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Record breaking year expected for ILS issuance, says Aon
Overall insurance-linked securities (ILS) capital has reached $100bn in 2023 and 2023 is trending towards the greatest-ever annual catastrophe bond…
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Insurers face challenges over weather-related risk as reinsurers pull back
Insurers are facing larger and more unpredictable weather-related losses as a result of growing insured exposures, high reconstruction costs and…
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PPPs needed in Italy and at European level to tackle climate change risk
Public private partnerships (PPPs) are seen as an increasingly important tool to help build resilience at national level for a…
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Aon warns liability market could tighten in face of nat cat risk
Natural catastrophe risk proved to be “monumental” in the first half of 2023, according to an Aon report, which warns…
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Insured wildfire losses in Hawaii at least $1bn, says RMS
Insured losses from the wildfires that hit Maui and the Big Island of Hawaii last week will likely reach at…
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Forecasters now expect above-normal Atlantic hurricane season
There is a new consensus on the current hurricane season, with forecasters now predicting an ‘above-normal’ season bringing more hurricanes…
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Hawaii wildfire damages to cost billions of dollars: Aon
Wildfires that hit parts of Maui and the Big Island of Hawaii last week will likely cause economic damages into…
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First half insured nat cat losses 54% above ten-year average: Swiss Re
Global insured nat cat losses reached $50bn in the first half of this year, 54% above the ten-year average of…
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Mapfre partners with Lobelia Earth on climate change portfolio assessment pilot
Spanish insurer Mapfre has partnered with climate data firm Lobelia Earth to explore the ability to predict the impact of…
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Extreme heat could make areas uninsurable says Spanish insurer
The CEO of Spain’s largest insurer has suggested that climate change and the rise in temperatures could leave some areas…