Nearly half of Bermudian carriers cutting exposures to improve ESG position
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Nearly half of Bermudian carriers cutting exposures to improve ESG position

Luke Harrison
24 May 2022
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Hamilton, Bermuda, City View

About 45% of Bermuda-based insurers are reducing their exposure to certain lines of business, such as thermal coal, to enhance their ESG position, according to a report by the Bermuda Business Development Agency (BDA) and Oxbow Partners.

The report found that 32% of Bermudian carriers have integrated ESG into underwriting. In most cases, this is a simple exclusion to risk appetite, as respondents expressed reticence about using hard exclusions.

The

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Luke Harrison
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