ESG

Chubb and Travelers are targeted as “climate laggards” by a shareholder group that wants the insurers to step up monitoring the impact of underwriting and investment activities.

The council comprises Cindy Bruyère, Henk Dijkstra, Kenneth E Kunkel and Park Williams.

Carriers are planning to increase their allocation most significantly to private equity (44%) and green or impact bonds (42%).

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The carrier has introduced a number of ESG-focused roles, which sees Cathal Carr, SVP, underwriting, appointed as global head of climate and sustainability strategy.

To help achieve its goal, Marsh McLennan has selected seven carbon-offset projects across the world.

The SEC intends to make information around climate-related risks more transparent.

Liberty Mutual will provide US and Canadian clients that sign up for Marsh’s tool with ESG risk advisory services.

The global insurer has added a "net-zero emissions" goal of 2050 for investments and underwriting.

The UN’s Principles for Sustainable Insurance is helping to ensure ESG practices are embedded across all aspects of the insurance industry.

The recommended range for absolute emissions reductions by 2025 should be 49%-65% or more of members’ portfolios.

The broker said terms and pricing were not significantly impacted by new capacity from oil and gas players.