Latest news

AIG and LGIM

Investor LGIM drops AIG over ‘insufficient’ climate actions

2021-06-16T07:19:00+01:00

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.

G7

G7 pledge funds to scale up climate resilience funding

2021-06-15T06:58:00+01:00

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.

WTW and WWF

WTW partners with WWF to boost coastal resilience in Fiji and Papua New Guinea

2021-06-14T09:18:00+01:00

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.

John Neal Lloyd's

Lloyd’s Neal: Shift to low carbon economy “an opportunity, not a threat” for industry

2021-06-10T20:41:00+01:00

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.

Dan Glaser Marsh McLennan NMMBAA Fisk

Marsh McLennan teams up with NBMBAA and Fisk for fellowship programme

2021-06-10T09:57:29.13+01:00

Marsh McLennan has partnered with the National Black MBA Association (NBMBAA) and Fisk University to launch a global MBA fellowship programme.

HM Treasury

UK government to crack down on greenwashing

2021-06-10T08:59:00+01:00

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.

Antonio Guterres

UN calls for insurers to end coal underwriting as part of net-zero drive

2021-06-08T15:35:00+01:00

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.

Bank of England climate change

Bank of England launches scenarios for climate stress test

2021-06-08T09:44:00+01:00

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.

TNFD

European (re)insurers back nature-related financial disclosures

2021-06-07T12:13:00+01:00

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).

Ekhosuehi Iyahen IDF

IDF sets out goals for COP26 as G7 strengthens resolve on climate disclosures

2021-06-07T07:13:38.357+01:00

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.

Thomas buberl – Axa

The ESG Interview: Axa’s Thomas Buberl on meeting climate and biodiversity challenges

2021-06-07T14:48:00+01:00

Axa’s CEO answers our questions on the role the industry can play in helping create a more sustainable future

ESG

Industry has opportunity to step up as political momentum builds

2021-06-07T14:46:00+01:00

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.

Steve Field Emma Higgins

QBE takes steps to address mental health and employee wellbeing

2021-06-07T14:38:00+01:00

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.

Beazley Parhelion ESG

Beazley and Parhelion plans highlight ESG’s rise up underwriting agenda

2021-06-07T13:23:00+01:00

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 – COP26

COP26 brings opportunity for industry to take leadership role

2021-06-07T13:20:00+01:00

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 Aon

Diversity and Inclusion: Aon’s Lisa Stevens on shaping the modern workforce

2021-06-07T13:18:00+01:00

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

Jeremy Irving Browne Jacobson

Technology’s role in climate-related financial risk management

2021-06-07T10:50:00+01:00

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.

EY Penney Frohling

Four metrics for tracking the near-term value of ESG strategies

2021-06-07T10:50:00+01:00

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

Jessica Turner Close Quarter

UK climate stress test a sign of increasing scrutiny of insurer climate risk

2021-06-07T00:06:00+01:00

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.

Andrew Bailey – Bank of England

BoE’s Bailey calls on central banks to collaborate on climate resilience

2021-06-04T10:01:00+01:00

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 Trans Mountain pipeline

Argo will not renew Trans Mountain pipeline coverage

2021-06-04T07:10:00+01:00

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.