All ESG articles
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NewsAxa XL provides capacity for Mesoamerican Reef program through climate unit
Axa XL has been named as capacity provider for the Mesoamerican Reef Fund insurance program, following a competitive placement process executed by Willis Towers Watson.
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News
Howden unveils ocean clean-up partnership as part of plastic-neutral drive
Howden has announced a partnership with ocean clean-up organisation Seven Clean Seas that will help the broker in its goal to become plastic neutral.
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Comment
Lloyd’s takes step forward on climate action but protests likely to continue
Climate protests are an increasingly frequent sight on Lime Street. Only yesterday a so-called Insurance Rebellion protestor daubed the Lloyd’s building with green paint, which followed a stink device protest last month and the dumping of fake coal outside the building in April.
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News
Lloyd’s launches climate action plan to support net-zero push
Lloyd’s has unveiled a climate action plan and set out a roadmap to support the transition of multiple industries to net-zero carbon with three key areas of action that will be implemented and led by the recently launched Sustainable Markets Initiative Insurance Task Force.
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News
FCA sets out further proposals to improve disclosure of board diversity
The Financial Conduct Authority has launched a consultation on proposals to improve transparency for investors on the diversity of listed company boards and their executive management teams.
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News
QBE International pledges to increase ethnic diversity of senior management
QBE International has committed to improve ethnic diversity within its senior team following the publication of the carrier’s first UK ethnicity pay gap report.
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News
IDF’s Iyahen: Insurers falling short in tackling climate risk
The global (re)insurance industry has not gone far enough to overhaul its underwriting to better combat the effects of climate change, according to Ekhosuehi Iyahen, secretary general of the Insurance Development Forum.
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News
Zurich UK transfers $1bn to new ESG index
Zurich UK has transferred almost $1bn of its investment portfolio into a new environmental, social and governance-focused benchmark as it continues to take action to curb carbon emissions.
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News
Insurers double down on sustainability and back EU reporting proposals
European insurers have welcomed EU proposals to improve sustainability reporting to better exploit the potential of the single market to aid the transition to a sustainable financial system.
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News
Howden launches climate risk and resilience division
Howden has launched a climate risk and resilience division designed to address the risks associated with a changing climate and aid the transition towards net-zero carbon emissions.
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News
FCA sets out to be “tough” regulator as outlines 2021/22 business plan
UK regulator the Financial Conduct Authority said today it will adopt an “assertive” and “tough” approach as it launched its business plan for the year ahead, its first annual plan since Nikhil Rathi took the helm as CEO in October 2020.
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News
TransRe names Hupper ESG leader
TransRe has promoted Craig Hupper to lead its various environmental, social and governance (ESG) initiatives.
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News
AM Best: 13% of rating actions driven by ESG factors
Environmental, social and governance issues are an increasing driver of rating actions on (re)insurers, with more than one in 10 rating actions in 2020/21 attributed to climate-related factors, according to AM Best.
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News
Global net-zero commitments raise threat of business transition risks
The impacts of a changing climate and the drive to reach net zero are changing the risk landscape for businesses, particularly those in financial services, according to Chatham House’s Daniel Quiggin.
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News
Industry heavyweights set targets as UN-backed net-zero alliance launches
The eight (re)insurers which compromise the Net-Zero Insurance Alliance (NZIA) have convened and have committed to transition their underwriting portfolios to net-zero greenhouse gas emissions by 2050.
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News
Swiss Re: (Re)insurers can play key role in scaling up carbon-removal industry
Insurers that engage early in the carbon-removal market may find their investments well-rewarded, according to a new report by the Swiss Re Institute.
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The Insurer Interview
ESG: An APAC perspective
With ESG concerns rapidly rising up the corporate agenda, EY’s insurance leader for Asia Pacific (APAC), Grant Peters, answers our questions on how the insurance sector’s attitude towards ESG is changing in the region
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The Insurer Interview
Eckert eyes product innovation as conduit to more sustainable future
Conduit Re executive chairman Neil Eckert has called on the industry to step up its engagement around product design to meet the needs of companies as society transitions towards net zero.
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Analysis
Generali’s latest Lion Re issuance highlights ESG credentials
Generali figured prominently in the ESG news agenda during late June as it closed its first sustainability bond and unveiled new targets to address climate change.
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Comment
Enhancing the product suite to meet the net-zero transition challenge
As the economy transitions towards net zero and a more sustainable future, several opportunities will emerge for the (re)insurance sector that can only be met through a collaborative approach and innovative product structures.
