ESG
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March 16, 2022
Swedish business groups reject need for more EU corporate reporting rules
A coalition of leading Swedish business, audit and corporate governance groups has issued a strong response to the European Commission’s…
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March 10, 2022
Mapfre set to adopt new fossil fuel underwriting commitments
Mapfre is going to stop insuring and investing in coal, oil and gas companies that do not commit to an…
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March 7, 2022
Trade credit insurers pause cover for Russian and Ukrainian risks
Trade credit insurers are stepping away from risks in Ukraine and Russia, according to a Reuters report. Citing industry sources,…
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March 4, 2022
Insurers urged to stop underwriting Russian energy risks
A coalition of NGOs has called on financial institutions, including a host of insurers, to cut ties with Russian oil,…
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March 2, 2022
AIG pulls back from coal and other fossil-fuel underwriting
AIG will immediately withdraw from underwriting construction risks for new coal-fired power plants, thermal coalmines and oil sands, while also…
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February 28, 2022
Germany commits further €21m to help vulnerable countries boost climate change risk management
The German government said today it will spend an extra €21m to better protect poor and vulnerable countries from the adverse…
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February 23, 2022
New group head of environmental and social responsibility at BMS
BMS has promoted Neil Prior to the newly created role of group head of environmental and social responsibility. In his…
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February 15, 2022
Insurance Development Forum enters partnership to help vulnerable countries manage climate-related disaster risk
The Insurance Development Forum (IDF) – a public-private partnership led by the insurance industry and supported by the UN, World…
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February 11, 2022
European mutual insurer association backs UN sustainable insurance initiative
The Association of Mutual Insurers and Insurance Cooperatives in Europe (Amice) has become a supporting institution of the UN Environment…
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February 10, 2022
Switzerland’s Helvetia rules out Carmichael project cover
Switzerland-based Helvetia is the latest insurer to rule out insuring the controversial Adani Carmichael coalmine in Australia. The insurer told…
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February 9, 2022
Chaucer and Moody’s launch ‘game-changing’ ESG scorecard
Specialty insurer Chaucer and Moody’s have announced a new collaboration to help businesses manage their ESG risks. The partnership will…
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February 8, 2022
Action groups welcome Travelers’ coal and tar sands policy
US insurance group Travelers has become the latest carrier to commit to stop underwriting new coal-fired power plants. The insurer has…
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February 7, 2022
Insurers called out for ‘hypocrisy’ over oil and gas investments
Fifteen of the world’s largest insurers have invested more than $7.9bn in North Sea oil and gas companies during the…
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February 4, 2022
Wild calls for greater trust from insurers to rebuild mutual confidence
The president of France’s risk management association AMRAE has urged the insurance partners of French companies to “trust” them in…
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February 2, 2022
German insurers press government for risk mitigation and transfer action
As reported in Commercial Risk yesterday, the German Insurance Association (GDV) is cautiously optimistic about the outlook for 2022, despite…
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January 31, 2022
Descartes raises further $120m to help bridge emerging risk gap
Descartes Underwriting, a fast-growing Paris-based insurtech company focused on delivering innovative risk transfer solutions for climate change and other emerging…
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January 31, 2022
QBE launches new sustainable energy unit to aid customers’ transition to low carbon
QBE has launched a new unit for sustainable energy as corporate buyers move their operations to a more diverse, low-carbon…
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January 31, 2022
AXA chair uses Insurance Development Forum role to warn of climate risk urgency
The climate crisis has become “more urgent” after it was exacerbated by Covid-19, according to chairman of AXA Denis Duverne,…
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January 31, 2022
Charity work boosts broker reputations, finds Ecclesiastical survey
Charitable work and other community projects will enhance brokers’ corporate reputation with buyers, according to 58% of brokers surveyed by…
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January 21, 2022
Chubb, Mapfre and Tokio Marine called out for insuring Petrobras in conflict with net-zero ‘rhetoric’
Chubb, Mapfre and Tokio Marine have been named by Insure Our Future as insurers for Brazil’s national oil company Petrobras,…