Legal & General Investment Management (LGIM), one of the world’s largest asset managers, has removed AIG from its funds due to “insufficient action” from the US insurer to address the risks posed by climate change.
Leaders of the G7 countries have agreed on plans to scale up protection for the world’s most vulnerable communities against the impacts of climate change.
Willis Towers Watson is to lead the implementation of a project to support the financial resilience of coastal communities in Fiji and Papua New Guinea.
The transition to a low carbon economy should be seen as an opportunity for the insurance market and not a threat, with the move the greatest single underwriting opportunity that many in the industry will see in their careers, according to Lloyd’s CEO John Neal.
Marsh McLennan has partnered with the National Black MBA Association (NBMBAA) and Fisk University to launch a global MBA fellowship programme.
HM Treasury has launched an independent expert group to advise on standards for green investment and clamp down on greenwashing amid the transition to a net-zero economy.
UN secretary-general António Guterres has called on more insurers to align their investment and underwriting portfolios with net zero by 2050 goals, stating that the industry has a “key role” to play in addressing the climate crisis.
The Bank of England has formally launched its Climate Biennial Exploratory Scenario stress test, which will examine the financial risks posed by climate change for the largest UK banks and insurers.
European insurers have joined forces with leading banks and asset managers to back the launch of the new Taskforce on Nature-related Financial Disclosures (TNFD).
The Insurance Development Forum (IDF) has embarked on an “ambitious risk modelling agenda” which it hopes will result in the unveiling of a major initiative at this November’s COP26 climate talks.
Axa’s CEO answers our questions on the role the industry can play in helping create a more sustainable future
Political focus on climate action has escalated over the past month with the insurance sector positioned to play an increasingly prominent role in creating solutions to enable a more sustainable future.
QBE has taken several steps to address mental health and employee wellbeing, with the carrier also recently unveiling a customer self-assessment tool, developed in collaboration with Mind, which enables companies to assess and enhance their mental health and wellbeing strategy.
The notion that firms that adhere to ESG principles represent a better risk is one that has been gaining traction, and market recognition of this has been demonstrated by two announcements of the creation of dedicated capacity for strong-performing companies.
Ekhosuehi Iyahen, secretary general of the Insurance Development Forum (IDF), believes insurers can play a prominent leadership role at the COP26 climate talks in Glasgow this November
Lisa Stevens, chief people officer at Aon, outlines how the broker is addressing ESG challenges and steps the industry can take to be more inclusive
The Organisation for Economic Co-operation and Development has estimated that $6.9trn a year until 2030 needs investing to meet the Paris Agreement climate change objectives.
The right metrics can accurately gauge the impact of ESG strategies and progress toward goals, writes Penney Frohling, EY-Parthenon partner and EMEIA financial services strategy leader
The Bank of England’s climate stress test is a sign that central banks and international regulators are looking to “ramp up” oversight of insurer climate risk, according to Guy Carpenter’s managing director of catastrophe advisory Jessica Turner.
Bank of England governor Andrew Bailey has urged international central banks, regulators and policymakers to come together to address the threat of climate change, warning that a joined-up approach is needed to maintain financial stability.
Argo Group International Holdings has said it will not renew cover for the Trans Mountain pipeline in Canada when its current insurance policy expires in August 2021.