ESG
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Lloyd’s CEO John Neal moving to Aon
Lloyd’s CEO John Neal is leaving for Aon once his notice period has been served to become CEO of reinsurance…
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AXA XL in research partnership with Oxford Net Zero
AXA XL has partnered with Oxford Net Zero, an interdisciplinary research initiative based at the University of Oxford, for research…
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Captive owners outperform peers on ESG and sustainability says Marsh
Organisations that use a captive consistently outperform peers without a captive when it comes to ESG, according to Marsh. Research…
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Aon enhances Climate Risk Monitor solution with flood expert collaboration
Aon has enhanced its Climate Risk Monitor solution with a collaboration with flood expert Fathom. Aon said it will assist…
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Regulators call for European-wide pool for growing nat cat risk
Natural catastrophe risks should be pooled across the EU through a public-private reinsurance scheme, according to insurance regulator Eiopa and…
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NorthStandard partners with MGA NIORD on offshore renewable energy
P&I Club NorthStandard and renewables-focused Norwegian MGA NIORD have formed a new strategic partnership to build their offshore renewable energy…
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Italy delays mandatory nat cat scheme
Italy has delayed new rules that will make it compulsory for companies to buy natural catastrophe cover, according to reports.…
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Generali tops industry fossil fuel policy ranking
Italian insurer Generali has topped Insure Our Future’s ranking of insurers’ fossil fuel underwriting plans. According to the climate change…
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How to weather the dual challenge of climate change and the net-zero transition
Making the transition to a net-zero economy poses a new set of challenges for risk managers, who must also prepare…
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Climate change cost insurers $600bn over past two decades, says campaign group
The insurance industry is fundamentally underestimating the impact of climate change, with more than a third of insured weather losses…
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Europe moots nat cat risk scores for properties
A nat cat risk awareness tool for European properties at risk of flooding, wildfire and other perils is underway after…
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DAC Beachcroft predicts environmental risks facing insurers and clients in 2025
Law firm DAC Beachcroft (DACB) has launched its 2025 predictions for the global insurance market, including a number of environmental…
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Zurich launches climate risk digital solution
A new interactive digital solution to help customers uncover climate risks up to the year 2100 has been launched by…
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AXA XL provides $30m credit insurance toward Bahamas marine conservation
AXA XL will provide $30m in credit insurance to a debt-for-nature swap in the Bahamas that aims to unlock $124m…
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No impact on insurance ratings from proposed surcharge on fossil fuel-related assets
Capital surcharges on fossil fuel-related assets recently proposed by the European Insurance and Occupational Pensions Authority (Eiopa) will not affect…
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Swiss captive SBB pilots first-ever sustainability-linked insurance contract
Swiss Federal Railways’ (SBB) direct insurance captive is going to pilot the first-ever sustainability-linked insurance contract, which links premiums to…
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Changing climate means overhaul of risk transfer market: S&P
Secondary perils like floods, fires and severe convective storms are now making up a larger portion of catastrophe losses, according to…
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EU insurers fit for transition risk, says Eiopa
The European financial supervisory authorities, including the insurance regulator Eiopa, and the European Central Bank (ECB) have released the results…
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Growing US consumer demand for sustainability from insurers, says GlobalData
The majority of US consumers consider it important for their insurer to engage in environmentally friendly practices, according to GlobalData’s…
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Captives: A key to unlocking sustainability goals
Captives have an essential role to play in helping organisations achieve their sustainability goals, according to Adriana Scherzinger, group head…