ESG
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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.
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The broker warned that more insurers will restrict or drop oil and gas business in the coming years.
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The Federal Insurance Office seeks to collect underwriting data on homeowners’ insurance from carriers writing above $100mn in premium.
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The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.
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The tool scores (re)insurers’ books on a scale of one to five on how well they serve communities.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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While regulations and shareholder proposals draw concerns, the insurance industry also sees ESG efforts as tool for drawing new blood to the business.
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Sources noted that competition has expanded from excess layers into the primary market – and that has been a major development since the beginning of the year.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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Greenberg said Chubb will not set a net-zero timeframe until the carrier finds out how to monitor the reduction of carbon footprint in its underwriting portfolio.
