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The carrier has said it will strengthen insurance requirements for businesses involved in deforestation. -
Global insurance firms’ efforts to help clients cut carbon emissions are detailed in the report.
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The executive and other ESG experts at the Airmic conference stressed the importance of insuring the transition to net-zero.
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The European body will aim to integrate sustainable finance considerations into all areas of its work.
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The Ark Syndicate Management co-founder will chair the sustainability-focused insurer as it continues to raise capital.
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The update adds further restrictions for coal reliant businesses and offers exemptions for companies which show initiative in helping to fight climate change.
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The growing trend of InsurTech MGAs looking to transition to balance sheet companies has exposed the shortcomings of the MGA InsurTech model, TigerRisk president Rob Bredahl has said.
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Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.
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Discussions with industry and in-country partners have so far foregrounded parametric solutions.
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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.
