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Manager selected for €150m private equity biodiversity fund

A group of French asset owners has selected an asset manager to run a €150 million ($176 million) biodiversity-focused private equity fund, which has been set up to prove such funds can make returns while having a positive impact.

NAIC defends climate work against political questioning

The National Association of Insurance Commissioners (NAIC) has defended its work on climate-risk and resilience-related efforts against questioning from US politicians focused on the crisis in the country's property insurance market.

FIO issues US insurer climate data collection call