Climate Change
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Swiss Re calls for adaptation measures to tackle climate change
A new analysis of 36 countries and their exposure to climate change carried out by the Swiss Re Institute ranks…
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Munich Re urges European politicians to back cyber pool
Munich Re has urged policymakers in Europe and Germany to throw their weight behind a state-funded backstop for systemic cyber…
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Mothers Rise Up stages fossil fuel protest outside Lloyd’s
Climate action group protestors have urged Lloyd’s to cease insurance for new fossil fuel projects, and called for a “fair…
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EU agrees carbon removals certification framework
The European Council and Parliament negotiators have reached a provisional political agreement on a regulation to establish the first EU-level…
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Gallagher Specialty launches parametric insurance centre of excellence
A new parametric insurance centre of excellence has been created by London-based Gallagher Specialty. The move is in response to…
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Climate change hampering Asia Pacific sustainability goals
The impacts of climate change, including slow and sudden onset weather events, are reducing the ability of countries to meet…
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Italian and German governments under pressure to drag CSDDD back on track
Claims by environmental and human rights groups that big business supports the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) appear…
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European firms must verify green claims before marketing, says parliament
The European Parliament’s Internal Market and Environment committees have adopted their position on rules governing how firms can validate their…
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CONFERENCE: ESG Insight and Intelligence 2024
Commercial Risk’s brand new ESG Insight & Intelligence 2024 Conference brought together senior risk leaders and their colleagues from sustainability, compliance,…
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Germany and Italy derail due diligence law
The future of the EU’s Corporate Sustainability Due Diligence Directive (CSDDD) has been thrown into serious doubt after Germany and…
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Insurers must adapt to energy transition or disappear, warns risk manager
The insurance industry runs the risk of disappearing if it does not adapt to climate change and the ESG agenda,…
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Fresh capital needed to tackle protection gap: Case
Aon’s CEO Greg Case has told the French risk and insurance management community that he sees great potential in the…
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European Council and Parliament agree to delay key sustainability reporting standards
The European Council and the European Parliament have reached a provisional deal to delay sustainability reporting standards for certain sectors…
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After the storm
One year ago, at the annual conference of the French risk and insurance management association AMRAE, the feeling among risk…
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Wild demands clarity on ESG underwriting policies
The head of France’s risk management association has urged insurers to be more coherent with their underwriting policies because they…
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Europe targets 90% emission cut by 2040
Europe has set a legislative path for a 90% cut in greenhouse gas emissions by 2040 before it can reach…
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Munich Re forms new parametric unit set to expand beyond nat cats
Munich Re has formed a global parametric team that is initially focused on natural catastrophe risk transfer solutions, in a…
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Cyber, climate change and economy top risk list for French carriers
Over a five-year horizon, cyberattacks, climate change and the economic environment are the main threats to French insurers and reinsurers,…
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No sign of softening in French cat market as losses mount
The state-backed Caisse Centrale de Réassurance Group (CCR) has updated its estimate for the cost of flooding in Haut-de-France at…
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World-first parametric protection for South Pacific coral reef system
A new parametric insurance policy that will help protect the coral reef system of the South Pacific Ocean’s volcano-formed Lau…