ESG
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ILS could benefit from focusing on the social aspect of ESG.
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The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
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With fundraising still difficult outside the liquid ILS segment, managers are looking for ways to shore up their economic proposition.
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The executive worked for WTW for more than two decades.
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Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.
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The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.
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Several structural factors, including the pricing cycle, make insurers more insulated from US activist states.
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The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.
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The new fund launched earlier this year to invest in companies that are seeking to reduce their emissions.
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Announcements and interviews at the UN conference have shed light on the tools emerging to help carriers decarbonise their underwriting portfolios.
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The product protects firms buying carbon credits from third-party negligence and fraud.
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The executive will work to help corporations understand and mitigate the threats posed by climate change.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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Industry experts told Trading Risk why underwriting guidelines and trust in counterparty management teams are essential.
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More public-private partnerships should be a priority for governments and businesses.
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Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.
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Collaboration should help protect against greenwashing fears but the industry should start with leaving behind the issue of the sector’s “inherent ESG” appeal.
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The group, comprising Credit Suisse ILS, LGT ILS, Plenum, Schroders, Solidum and Twelve, are engaging with brokers to establish a standardised reporting framework for cedants.
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Responsible investing in ILS requires “look-through data transparency”, the association says.
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A BDA report found that more than 30% of Bermudian carriers have integrated ESG into underwriting.
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Ahead of a market message on 2023 business plans, Lloyd’s has set out early expectations on inflation, ESG and management of cat volatility.
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Beazley’s own in-house ESG goals were put under as much scrutiny by its third-party capital providers as its underwriting strategies when the insurer launched ESG-focused Syndicate 4321 at the start of this year.
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ESG products can provide sustainable returns, panellists suggested.
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The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.
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She was previously an investor relations senior manager at Swiss Re.
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The council comprises Cindy Bruyère, Henk Dijkstra, Kenneth E Kunkel and Park Williams.
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The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.
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The firm’s goal is to raise its own capital and partner with others.
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The new firm says ESG criteria will be embedded into the products.
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The SEC intends to make information around climate-related risks more transparent.
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The industry has moved on from an initial focus on the nat-cat element of ESG.
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The move is a response to growing focus on diversity issues from allocators and regulators.
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The IPCC has issued its bleakest warning yet on the impacts of climate change on the environment.
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The impact on different perils should be distinguished, the advisory firm noted.
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Resilience bonds attempted to link up financial goals that proved to be too mismatched.
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He will replace Jonathan Malawer, who held the position for fourteen years and has left to join a new firm focussed on climate risk investments.
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A new report sets out how to scale insurance and capital for environmental protection projects, for a sector estimated to reach $50bn in size by 2030.
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Local officials have warned that the cost of rebuilding in British Columbia could exceed C$1bn ($790m).
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Record rainfall has caused floods and landslides across the Canadian province of British Columbia, leading to at least one death and cutting all rail access to the country’s largest port in Vancouver, according to Reuters.
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The COP26 climate talks in Glasgow represent progress towards a necessary reduction in carbon emissions “but not victory”, with concerns remaining that pledges do not go far enough, according to Swiss Re.
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The cross-industry Insurance Task Force (ITF) working with Lloyd’s has launched a Disaster Resilience Framework for Climate-Vulnerable Countries, as part of its activities for the Prince of Wales’ Sustainable Markets Initiative (SMI).
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The broker said that weather-related losses had become more severe in the past decade because of climate change.
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Financial authorities must ‘massively expand’ risk-sharing pools.
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The new material provides frameworks for discussing ESG and aligning objectives.
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Demand for climate-related solutions is ‘trickling up’ from clients and insurers to the ILS market .
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Howden said passing risks onto governments would degrade the value of the insurance industry.
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S&P suggested that an “abrupt rethinking” was a more likely outcome than gradual pricing increases – but a third way is possible if ratings agencies set a glidepath to change.
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Syndicate 4321 will operate as a consortium led by Syndicates 623 and 2623, providing capacity for companies that meet ESG criteria.
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