
Sustainability

Axis energy transition syndicate given full approval
Lloyd’s syndicate 2050 will begin writing business in April

D&O insurers grapple with ESG pressures
ESG policies can generate lawsuits against companies and their directors where they are too weak, overpromise or annoy conservatives. The US is at the forefront of this wave, but other jurisdictions are catching up

Philippines and US most vulnerable to climate-related losses: Swiss Re
The Philippines currently loses 3% of its GDP to weather-related perils annually

Extinction Rebellion launches week-long campaign targeting insurers
Civil disobedience group gears up for ‘Insurance Mayhem’ as it plans to target ‘Achilles heel of the fossil fuel industry’

Viewpoint: After risk-sharing reset, vigilance is needed to promote stability in re/insurance
There has been a significant reset in the re/insurance sector in how costs of catastrophic risks are shared. This shift, together with improved pricing adequacy, helps the industry send clearer signals to clients and society about the rising cost of evolving risks and how to mitigate them. With volatility persisting, keeping pricing adequacy in focus is crucial

Gallagher Specialty launches parametric centre
Launch in response to growing demand for alternative risk-transfer solutions, broker says

Perils increases Cyclone Gabrielle estimate to NZ$2.1bn
Gabrielle and North Island floods mark the largest weather-related insurance losses in NZ history, loss aggregator says

US regulators’ group announces 2024 strategic priorities
NAIC will press cyber and climate standards

WTW and The Nature Conservancy expand Hawaiian island coverage
Hawaii’s pioneering reef insurance policy renewal demonstrates increasing interest in nature-based solutions to climate change impacts

Viewpoint: Can reinsurers now sustainably underwrite natural catastrophe business?
For much of the past decade, the ability of reinsurers to sustainably underwrite natural catastrophe risk – and to demonstrate this ability to stakeholders – has been in question and under threat

Carbon markets present ‘significant opportunity’ for insurers
Carbon trading is a big enough opportunity for insurers to see it as 'the next cyber', a new report suggests

WTW launches 'world-first' parametric insurance for South Pacific coral reef
Fiji’s island communities will benefit from payouts of up to $450,000 for reef restoration and community assistance if cyclones hit
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