ESG
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Beazley offers more capacity to risk managers that meet Marsh’s ESG Risk Rating
Beazley is going to grant more capacity through its Lloyd’s of London Syndicate 4321 to companies that perform well on…
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Swiss insurers deepen commitment to sustainable investment and underwriting
Swiss insurers now link some 80% of their investments to sustainability criteria, according to the Swiss Insurance Association (SVV). The…
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Greenberg says rivals’ net-zero promises expose them to litigation
CEO of Chubb Evan Greenberg said his firm will continue underwriting oil and gas risks and that “vague words” from…
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Coal risks now left to ‘inexperienced’ underwriters as major players exit, says Insure Our Future
Insurance options for new and existing coal risks have reduced to “smaller, inexperienced” insurers, as the withdrawal of mainstream carriers…
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Climate risk could leave businesses without cover and reduce D&O options, warns BoE
Insurance cover for businesses and homes could become “prohibitively expensive” or unavailable during the next 30 years because of the…
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Marsh working to see good ESG performance reflected in premium costs
Insurers are hungry for ESG data to aid underwriting but without proven correlations between ESG scores and losses, only a…
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Sompo to pull cover for fossil fuels but accused of being too tame
Japanese insurance giant Sompo Holdings has today announced that it will no longer underwrite new and existing coal-fired power plants…
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LIIBA launches London market diversity and inclusion hub
The London & International Insurance Brokers Association (LIIBA) has launched a new campaign to raise awareness about diversity and inclusion…
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Chubb shareholders reject further limitations on insuring fossil fuels
Chubb shareholders have rejected a proposal that would have limited the insurer’s ability to underwrite new fossil fuel supplies, but…
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Marsh named as broker of controversial East African oil pipeline
Marsh is set to broker cover for the controversial East African Crude Oil Pipeline (EACOP), which is expected to generate…
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Lloyd’s accused of being climate ‘villain’ as it publishes second ESG report
Campaign group Insure Our Future has accused Lloyd’s of London of being a “climate villain” and greenwashing, after being less…
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Peru sues Repsol and insurer Mapfre for oil spill damage
The government of Peru has filed a civil lawsuit against oil firm Repsol and its insurer Mapfre, claiming $4.5bn in…
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Conduit Re CRO given additional sustainability officer role to drive climate response
Conduit Re has given its chief risk officer (CRO) Andrew Smith the additional role of sustainability officer to lead its…
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Fidelis joins Net Zero Insurance Alliance
Fidelis Insurance has joined the Net-Zero Insurance Alliance (NZIA) and pledged to achieve net zero “well before 2050”. The Bermuda-based…
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Zurich sees growing demand for climate change risk services
Zurich Insurance is experiencing strong demand for its climate change risk services following a “paradigm” shift in risk management that…
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Lloyd’s moves AGM online after rise in climate protest risk
Lloyd’s has cancelled its in-person annual general meeting (AGM) planned for next week and moved the event online after a…
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Allianz fleshes out details on new oil and gas underwriting restrictions
Allianz has given Commercial Risk further details on its move to significantly cut back oil and gas underwriting and investment activities,…
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London market could double from net-zero insurance spend
The London insurance market could double in size due to the global insurance opportunity created by the transition to net…
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Arch pulls Trans Mountain cover as pressure mounts on Lloyd’s syndicates
Lloyd’s of London syndicate Arch said it is pulling cover for the controversial Canadian Trans Mountain tar sands pipeline after…
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Climate groups criticise Munich Re’s oil and gas policy as AGM urged to vote down board
Climate campaign groups have lobbied Munich Re shareholders to reject the actions of the reinsurer’s board of management at its…
