South Korean reinsurer's policy has weaker restrictions than other international reinsurers and does not address reinsurance treaties for ongoing coal operations and allows continued support for some new coal projects
Climate change, a global pandemic and increased scrutiny from governments and activists are increasing pressure on insurance companies to place ESG at the forefront of their business plans to attract new investors and improve underwriting results
This year – with events such as Hurricane Ian, floods in Australia and South Africa and winter storms in Europe – has been the second consecutive year in which estimated insured losses total more than $100bn
Companies that continue to provide insurance capacity to oil and gas projects may benefit in the short term but at the risk of long term reputational damage, Munich Re Syndicate chief underwriting officer says
Policies that scored higher against a third-party ESG rating tended to have better loss outcomes, analysis by Howden and Fidelis found
The parametric policy will pay out up to $2m within days of a hurricane or tropical storm near Hawaii’s reefs
African Risk Capacity, CCRIF SPC and Pacific Catastrophe Risk Insurance Company sign memorandum of understanding on the sidelines of the COP27 climate talks
Lloyd’s re/insurer launches a 36-month sustainability strategy that includes plans to support clients' transition to net zero
Initiative will invest in climate resilience and anticipatory action for improved cyclone preparedness in eight least developed countries
The category one hurricane event triggered a $175,000 pay-out from WTW's Mesoamerican Reef Insurance Programme
Modelling tool will assess risk to more than 40 crops from more than 10 climate-related hazards, identify suitability of growing conditions and support development of adaptation practices to build resilience across global agricultural supply chains
There are plenty of legal repercussions for the insurance sector from climate change
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