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Signatories of the UN’s PSI must abide by four key principles, including embedding insurance-related ESG issues into decision-making. -
The guide includes details on aspects of implementing an ESG policy, including carbon management, green offices, investment strategy and local community engagement.
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At Insurance Insider’s latest Progress event, we discussed various tactics for the London market to change recruitment strategies in order to attract entrants from broader socio-economic groupings.
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The executive said surging demand for coverage would address the supply-demand mismatch in the renewables space.
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The business is looking to become a lead presence in green risks in London, following Syndicate 457’s exit from oil and gas business.
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The group has also developed a multi-stage reduction path for its withdrawal from thermal coal by 2038.
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Beneva has signed up to net-zero targets as a member of the NZIA, following a period of turbulence in which Munich Re, Zurich and Hannover Re have left the alliance.
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Aviva has said it is committed to the Net-Zero Insurance Alliance, in the wake of withdrawals from the group by Zurich, Munich Re and Hannover Re.
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Hannover Re has followed Zurich and Munich Re in announcing its departure from the Net Zero Insurance Alliance, though it offered no explanation for its decision.
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Shock departures from the Net Zero Insurance Alliance have cast a shadow over the group’s long-term future, as a number of high-profile carriers review developments and consider their ongoing membership.
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The NGO called out “climate laggards” for “tarnish[ing] the reputation of Lloyd’s and all other Lloyd’s insurers”.
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Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.
