-
The regulator plans to switch its supervisory approach from assessing the implementation of climate-related expectations to “actively supervising against them”.
-
The Corporation said it planned to transition its £3bn ($4.1bn) Central Fund to net zero by 2050 by redirecting capital flows to green investments. -
The pair have created a ‘carbon risk rating’ for customers that underwriters can use when considering the impact of each policy.
-
Lloyd’s also highlighted its desire not to become the “market of last resort” for carbon-intensive companies.
-
Howden said passing risks onto governments would degrade the value of the insurance industry.
-
The executive is transitioning away from his former responsibilities, with no successor yet named.
-
The carrier will phase out thermal coal business and invest $20mn in a green investment fund.
-
The landmark project will provide renewable solar power to the cities of Darwin and Singapore.
-
S&P suggested that an “abrupt rethinking” was a more likely outcome than gradual pricing increases – but a third way is possible if ratings agencies set a glidepath to change.
-
The carrier aims to push suppliers to develop better ESG practices.
-
Syndicate 4321 will operate as a consortium led by Syndicates 623 and 2623, providing capacity for companies that meet ESG criteria.
-
The climate-transition pathway solution helps insurers identify clients with robust climate-transition plans.
