ESG
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April 20, 2023
NZIA members ‘monitoring’ developments as third insurer departs
Two key members of the Net-Zero Insurance Alliance (NZIA) have told Commercial Risk that they are “monitoring” developments as a…
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April 17, 2023
AXA XL appoints Gandy as global head of DEI
AXA XL has appointed Trevor Gandy as global head of diversity, equity and inclusion (DEI). Gandy joins AXA XL from…
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April 13, 2023
Marsh ESG Risk Rating tool to help Asian firms get preferential D&O T&Cs
Companies in Asia can now be considered for preferred D&O liability insurance policy terms and conditions based on the strength…
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April 13, 2023
Consultation opens on EU sustainable finance disclosure
The three European Supervisory Authorities (ESAs) – ENA, EIOPA and ESMA – have published a consultation paper on amendments to…
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April 12, 2023
European firms must prepare for 27 versions of Green Claims Directive
London-based international law firm Simmons & Simmons has warned Europe’s risk and compliance managers not to assume that the coming…
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April 12, 2023
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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April 12, 2023
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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April 11, 2023
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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April 6, 2023
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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April 5, 2023
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…
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April 4, 2023
German insurers ready to support green transition, claims GDV
Politicians and business must accelerate sustainable transformation, said the German insurance association (GDV) following publication of the Transformation Compass study…
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April 3, 2023
Gothaer posts 9.1% rise in corporate business boosted by inflation
Cologne-based insurer Gothaer has announced further strong growth in its SME and middle market corporate insurance business during 2022 full-year…
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April 3, 2023
Munich Re pulls out of UN climate group NZIA citing antitrust concerns
Munich Re has quit the United Nations’s Net-Zero Insurance Alliance (NZIA) because of antitrust concerns. “In our view, the opportunities…
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March 31, 2023
Lloyd’s syndicate Cincinnati rules out EACOP as pressure mounts on AIG’s Talbot
Lloyd’s insurer Cincinnati Global, part of the US Cincinnati Financial Corporation, has said it will not underwrite the controversial East…
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March 29, 2023
Moody’s ESG Investment Data and Analytics report
You’re under increasing pressure from regulators and stakeholders to quantify your climate risk. But relatively few solutions on the market…
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March 23, 2023
Allianz takes stake in German offshore wind project
Allianz has bought a 16.6% stake in an offshore wind farm project in Germany that will supply 1.1 million households…
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March 23, 2023
Chubb demands oil and gas clients cut methane emissions
Chubb has announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions,…
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March 20, 2023
Howden appoints head of energy transition from KPMG
Broker Howden said it will bring in expert talent from outside the industry to help clients mitigate the risk of…
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March 17, 2023
Corporates face mounting liability from multiple risks, finds Geneva Association
Litigation practices have emerged as the leading driver of future liability risk facing corporates as concerns rise about US social…
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March 15, 2023
Enhanced disclosure on climate-related data for structured finance products
As investment in financial products meeting high ESG standards is increasingly important in the EU, it has become a priority…