ESG Insurance
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November 8, 2024
EU insurers should hold extra capital for fossil fuel assets: Eiopa
Europe’s insurers will have to meet additional capital requirements for any fossil fuel assets on their balance sheets to ensure…
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November 6, 2024
Pacific region climate and disaster risk policies renewed
The Pacific Catastrophe Risk Insurance Company (PCRIC) has successfully renewed its portfolio of climate and disaster risk insurance policies for…
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November 4, 2024
Marsh launches cover for fake carbon credits
Marsh has launched new cover to protect businesses in Europe, the UK and the US against the rising risk of…
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November 4, 2024
Mounting concern among European risk managers over PFAS exclusions
Risk managers in Europe are growing increasingly concerned about the lack of insurance cover for so-called forever chemicals, as insurers…
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October 29, 2024
Verisk models PFAS liability losses at €10bn-€24bn in Germany, France and Belgium
PFAS environmental-related liability losses across Germany, France and Belgium could total between €10bn and €24bn, according to a joint report…
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October 25, 2024
LMA report highlights ‘critical enabler’ role of insurance in transition
Insurance is a “critical enabler” in the transition to a more sustainable future, according to a new report from the…
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October 23, 2024
Generali exits cover for new oil and gas expansions
Italian insurer Generali has announced it will no longer underwrite new projects for oil and gas expansion. The move has…
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October 22, 2024
Mapfre backs away from mining firms with poor ESG records
Leading European insurer Mapfre said on the opening day of the Ferma Forum that it will not sell insurance to…
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October 22, 2024
Captive owners urged to implement UN sustainable insurance goals
Captive owners are being urged to sign up to the UN Principles for Sustainable Insurance that can help them take…
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October 18, 2024
Insurance has key role in unlocking nature finance
Urgent action is needed to close the financing gap for nature and catalyse the nature-positive transition to a more resilient…
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October 17, 2024
Regulation and geopolitical tension top macro risks for insurers
The top macro risks for insurers are regulatory developments (68%) and geopolitical tension and fragmentation (61%), according to a new survey of insurance…
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October 15, 2024
Energy transition MGA launches as approved Lloyd’s coverholder
Energy transition MGA Volt Underwriting has launched as an approved coverholder, led by Dale Underwriting Partners’ Lloyd’s Syndicate 1729. MGA…
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October 10, 2024
Lloyd’s agencies called out for fossil fuel policies
Just five out of 51 managing agents at Lloyd’s have committed to stop underwriting risks for new coal mines and…
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September 26, 2024
First policy for commercial loans backing carbon credit projects
An insurance policy that reduces the risk associated with providing debt financing to carbon credit projects has been developed by…
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September 19, 2024
Zurich transition plan aims for 20% cut in insurance emissions by 2030
Zurich Insurance is targeting a 20% cut in emissions associated with its insurance business by 2030 under a transition plan…
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September 16, 2024
HDI Global creates new energy unit to support energy transition
HDI Global has formed a new overarching energy unit to support the energy transition. It said clients and broker partners…
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September 12, 2024
Global validation tool launched for insurers’ weather-related claims
A tool designed to help insurers validate weather-related claims more quickly and efficiently around the world has been launched by…
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September 10, 2024
Surge in complex insurance claims expected from renewables construction
The next wave of renewables construction is likely to drive a surge in complex insurance claims, according to analysis by…
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September 9, 2024
Europe’s solar farms heavily underinsured against hailstorms
Europe’s solar farms are finding it difficult to insure the full value of panels from hailstorm damage, which is slowing…
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September 9, 2024
Thomas Miller launches energy and marine MGA Navata
A new standalone MGA business, focusing on energy and marine, has been launched by Thomas Miller. The new MGA, Navata,…