Climate change

NZ regulator issues final climate change guidance for insurers

2021-11-26T07:59:00+00:00

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.

Charlotte Gerken

PRA says post-Brexit Solvency II overhaul could aid green transition

2021-11-25T15:32:00+00:00

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 building

Talanx closes first green bond in €500mn placement

2021-11-25T13:12:00+00:00

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.

Stephen Catlin

Convex targeted by activists over refusal to rule out Adani Carmichael coverage

2021-11-24T12:42:00+00:00

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.

Climate change

Heightened focus on climate risk uncertainty brings potential for unintended consequences…

2021-11-24T07:56:00+00:00

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.

The ESG interview

Katie Lennon Axa XL

Collaboration is key: Katie Lennon sets out the ESG priorities for Axa XL

2021-10-13T15:14:00+01:00

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

ESG collaboration

Broadening the conversation: Collaboration critical in building ESG agenda

2021-10-13T15:20:00+01:00

(Re)insurers have rapidly expanded their focus on ESG over the past year, with the issue rising in prominence across the insurance value chain.