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Sustainability

 

 

Axis energy transition syndicate given full approval

Lloyd’s syndicate 2050 will begin writing business in April

London Lloyds

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

International Europe

Philippines and US most vulnerable to climate-related losses: Swiss Re

The Philippines currently loses 3% of its GDP to weather-related perils annually

International Swiss Re

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’

United Kingdom Climate change

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

International Swiss Re

Gallagher Specialty launches parametric centre

Launch in response to growing demand for alternative risk-transfer solutions, broker says

Property Specialty

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

New Zealand Asia Pacific
United States Regulation

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

Munich Re Willis Towers Watson

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

Brokers Viewpoint

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

Aon Axa

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

Fiji Willis Towers Watson
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