ESG

Industry climate alliances have received allegations from conservative politicians and regulators in the US that such commitments are illegal group activities that violate antitrust laws.

Inside P&C’s morning summary of the key stories to get you up to speed fast.

Maria Guercio, Melanie Markwick-Day and Jared Concannon join the unit as executives.

The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy.

Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.

The insurance industry must use its extensive risk management expertise to mitigate the risks of climate change, the chair says.

The company has also employed Margaret Peloso as global climate officer.

Several structural factors, including the pricing cycle, make insurers more insulated from US activist states. 

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.

Marsh McLennan is mobilising the insurance industry to support the UN’s Race to Resilience initiative, starting by featuring 17 climate adaptation projects.

The broker warned that more insurers will restrict or drop oil and gas business in the coming years.