Climate Change
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Australian insurers welcome new government and extreme-weather initiatives
Australian non-life insurers have welcomed the new government and its stance on tackling climate change and extreme weather risk. The…
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MS Amlin partners with insurtech to close battery-storage coverage gap
Lloyd’s insurer MS Amlin Underwriting Ltd (MS AUL) is partnering with insurtech Altelium to help companies involved in battery storage…
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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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SCOR announces exit from new oil field underwriting but NGOs say not enough
French reinsurance group SCOR has announced that it will cease underwriting new oil field production projects from 2023. But environmental…
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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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Insurers must ‘walk the talk’ on climate resiliency, says report
Insurers need to step up to the challenges posed by climate change by prioritising strategic initiatives aimed at loss prevention,…
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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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Belgium needs ‘uncharacteristically’ ambitious vision to tackle big risks says employer group
The Federation of Belgium Enterprises (VBO-FEB) believes that Belgium risks becoming increasingly irrelevant within Europe and the world, because of…
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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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Chaucer report finds bigger-than-expected climate change threat to shipping and offshore energy
Extreme weather driven by climate change poses a greater-than-expected threat to the offshore energy and shipping sectors, according to Chaucer,…
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German insurers back shift away from cheap Russian energy
The German insurance industry is backing the recent acceleration in the shift away from reliance on Russian energy towards renewables,…
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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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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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Consultation opens on critical EU sustainability reporting drafts
Amsterdam-based Global Reporting Initiative (GRI), the body pushing for an EU common language on sustainability reporting, has welcomed the publication…
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Dutch group says EU’s sustainability directive falls short on supply chain impacts
The EU’s planned Corporate Sustainability Due Diligence Directive (CSDD), which is designed to tackle human rights and environmental impacts across…
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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…
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Chaucer commits to net zero by 2050
Specialty (re)insurer Chaucer has said it will achieve net-zero greenhouse gas emissions across all its business operations, underwriting and investment…
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Mapfre joins Net Zero Insurance Alliance
Mapfre has joined the Net Zero Insurance Alliance (NZIA) group of 21 international carriers that are members of the UNEP-FI…