All ESG articles
-
NewsMarsh set to broker $5bn East African oil pipeline: reports
Marsh is said to be arranging insurance for TotalEnergies’ controversial East African Crude Oil Pipeline (EACOP), according to reports from the Financial Times and the Bureau of Investigative Journalism.
-
News
Scor unveils new oil field underwriting restrictions at AGM
Scor has unveiled restrictions on covering new oil field production projects within its specialty insurance operations, pledging to only provide coverage if the company operating the field is aligned with net zero by 2050 ambitions.
-
News
Lloyd’s unveils latest ESG report but activists hit out at lack of commitment on fossil fuels
Lloyd’s said its commitment to lead on ESG remains “unequivocal” as it unveiled its latest ESG report on Tuesday, but the Corporation has been met with criticism over its failure to provide commitments around fossil fuel underwriting.
-
News
Lloyd’s: ESG and inflation will be key focus for 2023 syndicate planning
Inflation and ESG will form the key areas of focus for the 2023 Lloyd’s business planning and capital process, with additional data collection set to be required around catastrophe risk as the Corporation seeks to better control earnings volatility.
-
News
Capgemini: Only 8% of insurers are resilient to climate change
Fewer than one in 10 insurers are building climate-resilient business models, according to a new report from consultants Capgemini and non-profit group Efma.
-
News
Conduit Re expands Smith’s role to lead climate change initiatives
Conduit Re has expanded the role of its chief risk officer Andrew Smith to include leadership of the company’s climate change-related initiatives.
-
Comment
Biba display of ESG credentials highlights rise up agenda
This week’s British Insurance Brokers’ Association (Biba) conference marked the first major in-person UK insurance gathering since the onset of the Covid-19 pandemic in early 2020, with thousands of industry professionals meeting in Manchester for the event.
-
News
Axa signs MoU to create €1bn regenerative agriculture fund
Axa has unveiled plans to invest €100mn ($104mn) in a private equity impact fund dedicated to investing in projects and companies supporting the regenerative agriculture transition.
-
News
Fidelis joins Net-Zero Insurance Alliance
Bermudian carrier Fidelis has become the latest insurer to join the UN-convened Net-Zero Insurance Alliance (NZIA).
-
News
Swiss Re: Investors to increase focus on the S in ESG
Private capital has a growing opportunity to make a positive difference to inequality, Swiss Re has said in its latest Sigma report, with the investment community placing greater emphasis on social issues such as diversity, inclusion and equality.
-
News
Extinction Rebellion commits to "non-violently disrupting business" at Lloyd’s
Following on from the news this morning that Lloyd’s had cancelled its in-person annual general meeting (AGM) after threats from activists, Extinction Rebellion has responded by saying “we know that our tactics are working”.
-
News
Lloyd’s cancels in-person AGM after eco-activist threat warning
Lloyd’s is changing its annual general meeting (AGM) next week to a virtual event after receiving advice that the threat of disruption had risen “significantly”.
-
News
Liiba’s CEO Croft: Government must help London market unlock $125bn net-zero opportunity
A flexible regulatory framework will be “critical” if the London market is to realise the $125bn a year premium growth opportunity that could be unlocked from net-zero prospects, according to London & International Insurance Brokers’ Association (Liiba) CEO Christopher Croft.
-
Viewpoint
Navigating (re)insurers’ role in the evolving hydrogen economy
Brandon Statton, a founding partner at energy-focused wholesaler Nardac Insurance Services, shares his insight on the “green hydrogen revolution” and what role the (re)insurance industry can play to support its growth, as well as the potential opportunities it may bring.
-
News
WTW and WWF partner on project to build Melanesia coastal resilience
Broker WTW has partnered with the World Wide Fund for Nature (WWF) on a project focused on developing financial instruments to help build the resilience of fishing communities in coastal regions of Fiji and Papua New Guinea.
-
News
Climate insurtech FutureProof secures $6.5mn in Axis-led funding
Climate-focused P&C insurtech FutureProof Technologies has raised $6.5mn in capital led by Axis Digital Ventures, with the funding to be used to launch an MGA.
-
Viewpoint
Supporting the ESG transition – the critical role of insurance
ESG has risen up the corporate agenda and is now a top priority for many businesses. But with the changes needed to achieve more sustainable business models comes changing risk. Luis Prato, chief underwriting officer, UK and Lloyd’s at Axa XL, discusses the important role of insurance in the process ...
-
News
Arch rules out Trans Mountain pipeline coverage
Arch Insurance has become the latest carrier to rule out providing any further coverage for the Trans Mountain tar sands pipeline, joining 17 other (re)insurers in severing ties with the project.
-
News
Allianz commits to stop insuring new oil and gas projects by 2023
Germany’s Allianz has pledged to stop underwriting or investing in any new oil and gas fields, oil power plants, midstream oil infrastructure and practices relating to the Arctic by January 2023.
-
News
Liiba: Net-zero opportunity could double size of London insurance market
The value of the opportunity provided by the global transition to net zero is potentially large enough to double the size of the London insurance market, the London & International Insurance Brokers’ Association (LIIBA)’s CEO Christopher Croft has said.
