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The company will no longer insure energy companies expanding their coal-based activities. -
If you only read a handful of articles this week, make it the selection below.
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The carrier will increase its involvement in renewables, and cut the carbon intensity of its motor and P&C book.
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A panel of sustainability leaders from Conduit Re, Axa XL, Convex and Vantage Risk discussed the need for a consistent methodology to measure underwriting emissions at the Bermuda Climate Summit.
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The executive worked for WTW for more than two decades.
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Plus all the latest executive moves and the top news from the week.
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Insurers are looking ahead to possible fallout from issues such as cyber risks and the impact of AI on the workforce, while still seeing these new trends as opportunities to capture.
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In the aftermath of an exodus from the NZIA, brokers are concerned that fragmented methodologies adopted by carriers to measure insurance emissions could be a "disaster" for insureds.
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The Canadian mutual only announced its membership to the NZIA less than two months ago, joining several high-profile carriers to have exited the alliance.
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The collapse of the Net-Zero Insurance Alliance means insurers must find new neutral ground to continue ESG engagement, CEOs at the Geneva Association's General Assembly said.
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The investigation enquires into how the US insurance industry evaluates, invests in or underwrites fossil fuel expansion projects.
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The decaying oil tanker FSO Safer is holding over a million barrels of oil and is at risk of explosion.
