ESG

Insurers need to recognise their role in the race to net-zero, preparing for future political, environmental and economic impacts on climate change in the process, the Corporation said.

The association will also focus on initiatives to support digital transformation in the London market.

The broker said the last three years of hardening had led to a “substantial technical correction”.

Project Leaf will see environmental, social and governance (ESG) information issues woven into Aspen’s decision making for its credit and political risk portfolio.

The catastrophe market, inflation and loss-costs and the pandemic unwind are among the trends to shape the news agenda this year.

New capital made its presence felt in the market in a year that saw both the completion and collapse of major business combinations.

In 2021, the partner networks hosted more than 70 free, virtual events and attracted five new corporate sponsors to help drive change across the industry.

A new report sets out how to scale insurance and capital for environmental protection projects, for a sector estimated to reach $50bn in size by 2030.

The underwriter will also play a part in upskilling upstream underwriters with knowledge of renewables.

He will work closely with Amy Barnes to support clients through the climate transition.

The reinsurer said joining the alliance further strengthened its commitment to the preservation of biodiversity.

Amir Sethu joins from Lendurance, a boutique ESG-focused commercial lender he co-founded in Singapore.