ESG Insurance
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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…
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NZIA removes mandatory net-zero member targets after recent exodus
The UN-convened Net Zero Insurance Alliance (NZIA) has removed member obligations to set net-zero targets and publish progress after more…
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UK insurers offer guidance to business to become “nature positive”
The Association of British Insurers (ABI) says British businesses need help as they face up to the risks posed by…
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AXA in Spanish renewable energy deal
AXA is supporting the development of renewable energy in Spain with the signing of a ten-year Virtual Power Purchase Agreement…
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Adani coal mine protestors occupy Probitas offices
Environmental protestors entered the London office of Lloyd’s insurer Probitas today, calling for the firm to stop underwriting the rail…
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AXA targets 30% reduction in large commercial customer emissions by 2030
AXA said it will reduce the absolute carbon emissions of the largest commercial insurance customers in its portfolio by 30%…
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Mosaic increases political risk capacity to $30m
Mosaic Insurance has expanded its political risk capacity to $30m and extended its support of sustainable finance for green-energy infrastructure…
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Nature loss risk calls for innovative transfer solutions: Marsh
Nature loss is significantly affecting businesses by disrupting supply chains, decreasing available natural resources and ecosystem services, and threatening corporate…
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Actuary slams NZIA exodus over ‘false’ anti-competition fears
The Net-Zero Insurance Alliance (NZIA) “exodus” over “false” anti-competitive issues is a huge missed opportunity for the insurance industry and…
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NZIA down to 12 members after IAG and Beneva exit
Membership of the UN-convened Net Zero Insurance Alliance (NZIA) has fallen to 12 after Australia’s IAG and Canadian mutual Beneva…
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Airmic warns of anti-ESG challenge facing members
Airmic is warning members of a big “challenge” from anti-ESG legislation in the US, while calling for more “consistency” on…