NZ regulator issues final climate change guidance for insurers
New Zealand’s Financial Markets Authority has issued final guidance for the financial sector – including the country’s (re)insurers – detailing its expectations on how firms should make climate-related disclosures ahead of mandatory rules coming in 2024.
PRA says post-Brexit Solvency II overhaul could aid green transition
The Bank of England’s Prudential Regulation Authority has said its review of how the EU’s Solvency II regulations are implemented in the UK could help to “remove barriers” and enable the (re)insurance sector to better deliver on its sustainable investment commitments.
Talanx closes first green bond in €500mn placement
Talanx – the majority shareholder in reinsurer Hannover Re and primary insurer HDI – has placed €500mn ($561mn) of subordinated green bonds, primarily to institutional investors from Germany and abroad.
Convex targeted by activists over refusal to rule out Adani Carmichael coverage
Convex is facing renewed pressure to commit to not providing cover for the controversial Adani Carmichael project with a protest this morning targeting the carrier and its chairman and CEO Stephen Catlin.
Heightened focus on climate risk uncertainty brings potential for unintended consequences…
A series of high catastrophe loss years coupled with wider media and governmental focus on the impacts of climate change has focused investor attention on catastrophe risk and volatility.
Howden partners with Everbridge on parametric climate risk solution
AM Best to provide new ESG commentary section in credit reports
Zurich to stop underwriting new oil exploration and thermal coal by 2030
Enabling the transition: LSM’s Lesley Harding on the important role insurers can play
“How green is your wash?” – the genesis of ESG compliance
The ESG Interview: EY’s Isabelle Santenac on the need to “act now and act fast”
Swiss Re: COP26 pledges fail to meet Paris target on global emissions
ESG and low interest rates shifting P&C investments towards illiquid assets
RSA and Conduit latest to boycott coverage for Adani mine
NY regulator issues final climate change guidance for insurers
COP26
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The ESG interview
Collaboration is key: Katie Lennon sets out the ESG priorities for Axa XL
Katie Lennon, recently appointed as head of ESG for the UK and Lloyd’s at Axa XL, outlines her priorities in her new role.
Comment
Broadening the conversation: Collaboration critical in building ESG agenda
(Re)insurers have rapidly expanded their focus on ESG over the past year, with the issue rising in prominence across the insurance value chain.
ESG Viewpoint
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UK provides £274mn to support climate adaptation in Indo-Pacific
Pacific insurance project aims to expand following Fiji pilot
Risk and resilience rises up agenda
GRMA can “help build trust and confidence” in risk transfer
Nature-based solutions “critical” to coastal resilience
V20 launches Sustainable Insurance Facility with BMZ funding for first initiative
The Hartford strengthens sustainability commitments with $2.5bn investment pledge
Solving the data emergency to create a common language of risk
Global Resilience Index Initiative launches in Glasgow
Philippines fishing insurance scheme looks to scale up after successful pilot
Axa XL launches Coastal Risk Index
Oasis CEO defends Lloyd’s and wider industry amid criticism over climate action
Getting the message across: the industry’s climate communication challenge
LSM, Ascot and Aspen among insurance partners for Green Guarantee Company
UK Gov orders all (re)insurers and brokers to publish 2050 Net Zero plans
Insure Our Future accuses Lloyd’s of “greenwashing” and “abandoning ESG policy”
NZIA targets brokers and market associations as it bids to expand membership
Allianz leads industry on eliminating fossil fuel underwriting thanks to coal stance
QBE launches new ESG framework for SME clients
UK to make climate disclosures mandatory from 2022