ESG Insurance
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Climate activists accuse US insurers’ largest shareholders of inaction
Climate activists have accused the largest shareholders of certain US insurers of failing to hold the companies to account over…
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UN backs NZIA collaboration but 11 members have now quit
The UN said “there is a fundamental and urgent need for collaboration” in the insurance and reinsurance industry to tackle…
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Allianz, Scor and chair AXA exit NZIA
Three more European insurers, AXA, Allianz and Scor, left the Net Zero Insurance Alliance (NZIA) yesterday after weeks of speculation…
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Scor reveals new sustainable underwriting commitments on oil, gas and coal
Scor has announced new sustainable underwriting commitments, including policies on gas, Arctic oil and gas, oil sands, and coal. But…
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Swiss Re latest to quit Net-Zero Insurance Alliance
Swiss Re is the latest high-profile member to leave the UN’s Net-Zero Insurance Alliance (NZIA) in the face of growing…
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Chaucer signs up to UN Principles for Sustainable Insurance
Chaucer has signed up to the UN Principles for Sustainable Insurance (PSI). The insurer has already committed to becoming net…
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Insurance solutions to help de-risk climate change impacts
Insurers can help corporates to de-risk impacts from climate change in a number of different ways, according to Swiss Re…
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Global law report highlights increased ESG scrutiny for insurers
The increased scrutiny of ESG strategies in many jurisdictions is impacting directors’, officers’ and financial institutions’ coverage, as well as…
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BIBA publishes ESG guide for members
The British Insurance Brokers’ Association (BIBA) has published an online guide for its members on Environmental Social and Governance (ESG),…
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Talanx sets out new net-zero commitments
The Talanx Group is to introduce additional restrictions on insurance for new oil and gas projects with effect from 1 July 2023,…
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Munich Re Specialty Group launches ‘Green Solutions’
Munich Re Specialty Group has launched Green Solutions, a portfolio of insurance products and services aimed at the renewables market.…
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NZIA withdrawals complicate net-zero underwriting decisions, says Marsh exec
Risk managers need to be aware how their organisations’ impact on the environment and net-zero transition plans are viewed by…
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Employee benefit captives can resolve diversity, equity and inclusion challenges
Using captives to address employee benefits can resolve organisational diversity, equity and inclusion (DE&I) challenges and improve healthcare governance, according…
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WTW launches ESG initiative Climate Risk Solutions
WTW has launched a new climate risk initiative combining the full range of its ESG resources to help clients better…
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EIOPA and ECB outline policy options to promote climate catastrophe insurance
More sophisticated frameworks need to be put in place in Europe to deal with extreme weather events including public-private partnerships…
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Insurance Europe calls for funding and ambitious timeline on ESG data hub
Europe’s insurers have called for appropriate governance, funding, prioritisation and scope for the European Single Access Point (ESAP), the proposed…
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Insurers must do more than net zero to protect nature: ClimateWise
Insurers are being urged to do more at the underwriting stage to help protect the environment and bring their risk…
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Zurich to help its suppliers transition to net zero
Zurich Insurance Group is to provide climate training materials for its suppliers to help them decarbonise their operations, and is…
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Zurich follows Munich Re and quits NZIA
Zurich has become the second carrier to withdraw from the UN’s Net Zero Insurance Alliance (NZIA) this week. Munich Re…
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ESG not yet important factor in UK brokers’ relationships with insurers
UK brokers appear to have limited knowledge of insurers’ ESG credentials and do not rate ESG as a factor when…