ESG
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Increased disclosures being released by companies heighten the risk of inaccurate or misleading statements.
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The executive said such a move would result in the business being written elsewhere.
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Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.
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Claims from recalls due to lithium-ion batteries, which are heavily linked to the sustainable auto industry, are causing a capacity squeeze and affecting rates on certain policy lines.
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The broker warned that the risk of a systemic cyber loss “is beginning to feel more like an inevitability.”
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Experts on an Insurance Insider ESG panel highlight the industry’s power in guiding how capital is deployed.
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In the months leading up to (Re)Connect and the wider conference season, the discussion around climate and ESG has become noticeably more urgent.
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Aon, Guy Carpenter and Lockton chiefs discussed competition between the Big Three brokers and start-ups, climate change and the war on talent.
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Plus a look at reinsurers’ cat budgets and all the top news from the week.
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An increase in participants in the class of business could risk derailing underwriting remediation efforts.
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The new hire joins after working in similar roles for Standard Chartered and Aviva.
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The broker said ESG pressure was attracting capacity away from fossil fuels to renewables.
