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Climate scientist warns insurers of ‘compound changes’ in extreme events

The ETH Zürich professor tells delegates at Swiss Re webinar that a ‘best-case scenario’ would see an extreme temperature event occur four times every decade

Swiss Re Climate change

Insurance alliance target ‘falls far short’ of 1.5°C climate goal

Net-Zero Insurance Alliance target setting protocol fails to offer 'credible alternatives' to fossil fuel exclusion policies, global campaign group says

International Climate change

Viewpoint: Parametrics can close coverage gaps and pave the way for a climate-resilient industry

As well as their potential to help address the protection gap in areas prone to natural catastrophes, parametric solutions can also be tailored to cover other hard-to-insure losses

International Property

Chubb announces new underwriting standards for oil and gas extraction

Insurance giant says coverage will be contingent on client adoption of plans to reduce methane emissions and confirms it will not underwrite oil and gas extraction projects in government-protected conservation areas

Chubb Energy

Swiss Re pegs 2022 cat losses at $125bn

Natural disasters resulted in global economic losses of $275bn last year, revealing a picture of growing property exposure, according to Swiss Re’s latest sigma report

International Swiss Re

Catastrophe losses of $100bn a year are the 'new normal'

Bermudian re/insurer Aspen’s chief underwriting officer, Christian Dunleavy, discusses climate change, the trend towards annual contracts to help manage exposures and the forthcoming reinsurance renewals 

Bermuda Aspen

Howden names Cox head of energy transition

International broker hires former KPMG partner to support the business in advising clients on de-risking the financing of energy transition projects

Broker People moves

Pool Re should be replicated for other forms of systemic risk: Catlin

Speaking to Insurance Day, the executive chair of Convex calls for the creation of cyber, pandemic and climate risk versions of the UK government-backed terrorism reinsurer

Bermuda Cyber

Bank of England warns insurers on climate risk capital

There is ‘uncertainty’ as to whether insurers hold sufficient capital against future climate-related losses, UK regulator says, as it seeks to address ‘capability gaps’ to improve the identification, measurement and management of climate risks

United Kingdom Climate change

ID Comment: The legacy market could help facilitate the transition to net zero

The legacy market could enjoy its most important role yet, as an engine to push re/insurers to net zero

International Climate change

Hiscox plans ESG sub-syndicate launch

London market re/insurer says it sees ‘significant long-term growth opportunity’ in ESG as businesses invest in transition and green technology

London Hiscox

IDF opens talks with new G7 presidency on climate risk and resilience

Insurance industry-led public/private partnership aims to increase the number of companies engaged in its risk modelling working group

International Climate change
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