ESG
-
The US regulator faces litigation from both sides of the climate issue.
-
The companies originally established the capacity agreement in January 2023.
-
A more business-friendly approach will be offset by increased uncertainty.
-
ECLiC discussed how climate litigation can impact the Lloyd’s market.
-
A new Geneva Association report says the early involvement of (re)insurers is key to supporting the growth of emerging technologies.
-
Directors and officers face an increased risk of litigation next year, according to a report.
-
The 30-strong segment will combine reinsurance and capital markets with data, analytics and technology.
-
A summary of commentary from the second day of Inside P&C New York, with insights on InsurTechs, MGAs and Vesttoo.
-
The report also highlighted general liability policies as an area of potential exposure to insurers.
-
The Net-Zero Insurance Alliance has said its Target-Setting Protocol will now serve as a “voluntary best-practice guide”.
-
A six-month deadline for carriers to publish emissions targets could be dropped.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
While insurance regulators are making headway in accounting for climate-related risks, these efforts are preliminary and fragmented across states.
-
The executive worked for WTW for more than two decades.
-
California Insurance Commissioner Ricardo Lara was speaking about climate change's impact on insurance pricing at the Bermuda Climate Summit.
-
The Canadian mutual only announced its membership to the NZIA less than two months ago, joining several high-profile carriers to have exited the alliance.
-
The investigation enquires into how the US insurance industry evaluates, invests in or underwrites fossil fuel expansion projects.
-
The structure envisages bringing in philanthropic capital to provide project funding to mitigate disaster risk as part of ILS deals.
-
Munich Re, Swiss Re, Hannover Re and Zurich have all abandoned the project in the past eight weeks.
-
A report from WTW and the Institute of International Finance has found little correlation between companies’ operation emissions intensity and their climate transition value-at-risk.
-
The Swiss reinsurer follows Munich Re, Hannover Re and Zurich in withdrawing from the alliance.
-
In the latest threat to the NZIA, 23 state AG have warned members that collaboration on decarbonization targets may not square with federal law.
-
Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Zurich’s decision comes less than a week after Munich Re decided to withdraw from the UN-backed initiative.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
Maria Guercio, Melanie Markwick-Day and Jared Concannon join the unit as executives.
-
The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.
-
Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.
-
The insurance industry must use its extensive risk management expertise to mitigate the risks of climate change, the chair says.
-
The company has also employed Margaret Peloso as global climate officer.
-
Several structural factors, including the pricing cycle, make insurers more insulated from US activist states.
-
The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.
-
The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.
-
Marsh McLennan is mobilising the insurance industry to support the UN’s Race to Resilience initiative, starting by featuring 17 climate adaptation projects.
-
The broker warned that more insurers will restrict or drop oil and gas business in the coming years.
-
The Federal Insurance Office seeks to collect underwriting data on homeowners’ insurance from carriers writing above $100mn in premium.
-
The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.
-
The tool scores (re)insurers’ books on a scale of one to five on how well they serve communities.
-
Inside P&C’s news team runs you through the key highlights of the week.
-
Inside P&C’s morning summary of the key stories to get you up to speed fast.
-
While regulations and shareholder proposals draw concerns, the insurance industry also sees ESG efforts as tool for drawing new blood to the business.
-
Sources noted that competition has expanded from excess layers into the primary market – and that has been a major development since the beginning of the year.
-
The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
-
Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.