Sustainability
US severe convective storms pose risk to solar
Severe convective storms are driving record insured losses in the US and posing growing risks to solar farms – innovative mitigation strategies and advanced risk assessments are vital for resilience
Tiernan urged to act against fossil fuel expansion
Campaign group calls on new Lloyd’s chief executive to lead market-wide shift towards sustainable underwriting
John Neal set to join Aon on September 1
Outgoing Lloyd’s chief executive will be broking giant’s global chief executive of reinsurance and global chair of climate solutions
EU agriculture faces €28bn annual average loss: Howden
Landmark report finds €60bn catastrophe risk to EU agriculture driven by drought, rising to €90bn by 2050, threatening consumer prices, food security and rural economies
Markel faces activist shareholder demands on carbon emissions disclosures
Green Century is seeking support for resolution to require the insurer to disclose greenhouse gas emissions from its underwriting, insuring and investment activities
Carbon capture insurer Artio secures Lloyd’s coverholder status
Artio says it is the first insurer to be granted approval by Lloyd’s to underwrite carbon projects in their earliest stages
Colorado weighs creation of state fire reinsurance programme
State House of Representatives has passed bill creating wildfire reinsurer and home grant scheme
Seville conference will deliver clarity on disaster risk
Centre for Disaster Protection executive director explains progress at UN, World Bank and IMF fora for pre-arranged finance for disaster relief
Climate change is pushing insurability to a tipping point
Paying higher premiums does not make homeowners any more prepared for disaster and many insurers are still losing money on home insurance
AM Best downgrades outlook on London market
AM Best report says ‘underwriting cycle management will be a key focus’ for London insurers
Energy transition syndicate a ‘statement of intent’ from Axis
Syndicate 2050’s active underwriter, Elliot Lyes, discusses the potential of the newly launched syndicate amid the rapid growth of clean energy projects
Latest Lloyd’s Lab entrants unveiled
New cohort of 11 firms include AI and climate-focused businesses
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