ESG

The group’s first event will be held in Los Angeles, with more chapters to follow.

Amid an onslaught of announcements on climate disclosure requirements, listed insurers have a limited timeframe to prepare.

Charlotte Gerken said Solvency II had proved a constraint to certain investments, with lengthy approval processes.

Local officials have warned that the cost of rebuilding in British Columbia could exceed C$1bn ($790m).

The carrier said it would no longer support greenfield oil exploration and plans a full phase-out of thermal coal from its underwriting portfolio by 2040.

Axa XL’s global sustainability director set out practical considerations for insurers in their net-zero transitions at a conference today.

The COP26 climate talks in Glasgow represent progress towards a necessary reduction in carbon emissions “but not victory”, with concerns remaining that pledges do not go far enough, according to Swiss Re.

The business is targeting a return on equity of 10% in its industrial lines business.

UnipolRe has pulled out of writing property cat excess-of-loss business as it became the first reinsurer to fully exit the class based on the impact of climate change, Insurance Insider can reveal.

If you only read a handful of stories this week, make it the selection below.

Regulators must be less demanding around data requirements from brokers as intermediaries make the shift towards net-zero, the London & International Insurance Brokers Association (Liiba) says.

Sources say the insurance industry will not walk away en masse from existing clients.