-
Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport. -
Founding member Scor has also announced a commitment to phase out the underwriting of coal-fired power plants.
-
It is understood that the firm serves a number of major oil and gas clients.
-
The reinsurance broker will work in tandem with wider Marsh McLennan companies to provide an integrated service.
-
Last week, a Royal visit to 1 Lime Street heralded a fresh commitment from the (re)insurance industry to building a more sustainable future.
-
The carrier has been central to the launch of a net-zero underwriting alliance in the run-up to the COP26 conference.
-
He said Lloyd’s was a “broad church” and the market would work together gradually to reduce fossil fuel exposure.
-
Lloyd’s CEO John Neal has said the prospects of climate change could present the industry with its greatest “underwriting and investment opportunity” in a generation, but cautioned that it would require a commitment by the industry to be both “smart and brave”.
-
Many of the individual causes championed by CEOs are positive, but there are good reasons to separate the political and business spheres.
-
UN secretary-general Antonio Guterres called for the phasing out of insurance for fossil fuel-intensive businesses in closing remarks delivered at an Insurance Development Forum event.
-
The information-gathering exercise for large insurers and banks won’t dictate capital requirements.
-
The aspiring carrier is already providing risk-transfer deals for carbon offset buyers but plans for its initial underwriting to be focussed in more traditional areas.
