ESG Insurance
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Lloyd’s Market Association launches ESG Academy
An Environmental, Social and Governance (ESG) Academy has been launched by the Lloyd’s Market Association (LMA) designed for professionals within…
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Aon joins International Emissions Trading Association
Aon has become the first member of the International Emissions Trading Association (IETA) with risk capital capabilities. IETA is a non-profit…
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IUMI calls on underwriters to cover new risks for shipping net-zero target
The International Union of Marine Insurance (IUMI) said its members will need to support shipowners with cover for new risks…
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Tokio Marine partners with analytics firm on renewables insurance in Brazil
Specialty insurer Tokio Marine has partnered with Clir Renewables, a global market intelligence platform for wind and solar, to provide…
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Lloyd’s and Moody’s to develop emissions measurement process for managing agents
Lloyd’s is collaborating with Moody’s Analytics to develop a solution that will help to quantify greenhouse gas emissions across managing agents’…
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ESG underwriting debate hots up as GVNW gathers in Munich
The German and wider European insurance market needs to seriously up its game on the increasingly important matter of ESG,…
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More clarity and transparency needed with ESG underwriting, says Grewenig
Swen Grewenig, member of the GVNW committee and head of insurance at a leading international German company, is yet another…
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GVNW urges insurers to focus on coverage for green transition
The German risk and insurance management association (GVNW) would like to see insurers focus on delivering new coverages for innovations…
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Allianz sets out net-zero transition plan
Allianz has set out its first net-zero transition plan, aiming to achieve net-zero emissions by 2050 in its proprietary investment…
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Buyers question whether carriers are making the most of ESG data
Risk and insurance managers from Belgium question whether the growing interest in ESG data from insurers is much more than…
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EIL can bridge environmental coverage gaps for M&As
Environmental risks have become critical in mergers and acquisitions (M&A) but most warranty & indemnity (W&I) policies have a blanket…
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First risks written by Hiscox’s Lloyd’s sub-syndicate ESG 3033
Hiscox has underwritten the first risks in its recently launched Lloyd’s sub-syndicate, ESG 3033, providing cover for a new wind…
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AXA to stop insuring new gas greenfield projects
French insurer AXA has announced that it will discontinue insurance for upstream gas greenfield projects. The latest revision to its…
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Fidelis MGU sets 2030 decarbonisation target
Bermuda-based Fidelis MGU has set a first interim target for its underwriting portfolio, covering all emission scopes across the energy…
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Institute and Faculty of Actuaries commits to biodiversity actions
The Institute and Faculty of Actuaries (IFoA) has committed to the development of effective policy frameworks worldwide and methods for…
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TMHCCI adds greening endorsement for overseas Japanese subsidiaries
Tokio Marine HCC International (TMHCCI) has added a free green upgrade endorsement to commercial property polices held by subsidiaries of…
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AXA XL rolls out carbon emission product for marine clients
AXA XL has launched a carbon emissions product for marine clients as it works with the sector on its path…
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German insurers welcome simplification of sustainability reporting rules
The German insurance association (GDV) has welcomed the latest version of the European Sustainability Reporting Standards (ESRS) following public consultation…
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Beazley shifts ESG Consortium into full syndicate
Lloyd’s-based insurer Beazley has announced the next phase in the development of its ESG Consortium, which provides additional capacity to…
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NZIA an ‘empty shell’ after dropping targets, says Insure Our Future
The Insure Our Future Campaign says that the decision by the Net-Zero Insurance Alliance (NZIA) to no longer require its…