Climate Change
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AXA XL names MacFarlane head of climate
AXA XL has appointed Andy MacFarlane as head of climate, to accelerate its sustainability drive. In this newly created role,…
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ISO, BSI and others pledge to embed climate change measures into all standards
The International Organization for Standardization (ISO), the British Standards Institution (BSI) and other standard-setters have signed a pledge to embed…
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Reinsurers underestimate nat cat risk by up to 50%, warns S&P
Reinsurers could be underestimating their exposure to natural catastrophes by as much as 50% because of climate change, warns S&P…
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EC aims to release insurance capital as it announces Solvency II reform
The EC has proposed changes to Solvency II that it claims will better protect insurance buyers while freeing up €90bn…
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EU targets energy and agriculture to cut methane emissions in new pledge with US
European risk managers at companies within sectors that emit significant levels of methane, from oil and gas to agriculture, face…
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Howden appoints Swiss Re’s Cochrane as head of energy transformation
Howden has appointed Stanley Cochrane as head of energy transformation from Swiss Re, to help clients navigate the changing risk…
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DAC Beachcroft report highlights need for interconnected risk solutions
If the challenges and threats facing the insurance industry are connected, so too are the solutions, according to a new…
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GRI sets up working group for mining sector sustainability standard in 2023
The Global Reporting Initiative (GRI) is putting together a working group to develop a new sustainability standard for the mining…
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Policyholder firm Fenchurch Law appoints new associate as disputes rise
Fenchurch Law, which works exclusively for policyholders and brokers, has appointed Anthony McGeough as associate from Edwin Coe, in response…
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Global carbon-emitting firms failing to disclose climate risks
More than 70% of 100-plus of the world’s most carbon-intensive firms failed to fully disclose climate risk in last year’s…
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Rising concern in France over nat cat risk amid climate change
Nine out of ten people in France are worried about weather-related events, and believe nat cat risks are getting worse…
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Companies turning to captives and ART to plug gaps in emerging risk cover
Corporates are increasingly turning to captives to help solve problems in finding insurance cover for emerging and difficult risks, said…
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GVNW: Customer voice needed in ESG insurance debate
The role of insurers as underwriters and investors in the battle to halt climate change has come into sharp focus…
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Zurich opens sustainable global headquarters
Zurich Insurance has opened a new sustainable global headquarters in Zurich, built to high eco standards and designed to accommodate…
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GVNW members told now or never on climate change
Professor Dr Hans-Joachim Schellnhuber, director emeritus of the Potsdam Institute for Climate Impact Research (PIK), painted a sobering picture of…
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German Chamber of Commerce joins call for risk-based approach to flood risk
The German Chamber of Industry and Commerce (DIHK) has called on regional and national authorities to show flexibility and agility…
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Zurich to roll out new renewable energy products in 2022 and cut air travel by 70%
Zurich is expanding its products and services, including for renewable energy, to help customers transition to net zero, as part…
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Risk management and modelling vital to secure nat cat insurability
Risk management, catastrophe modelling and government support will be key to keeping natural catastrophe perils insurable in a changing climate,…
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P&C insurance riskier and more complex in next 20 years, says Swiss Re
Property and casualty (P&C) business is set to become riskier and more complex in the next 20 years, according to…
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Italy takes lead on weather risk modelling
Italy is taking a lead on modelling weather events and the ability to mitigate their impact, with the launch of…