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Market will decide what climate scenarios to use, says Bloomberg
15 December 2016It is up for the market to decide how best to implement the Financial Stability Board's (FSB) Task Force on Climate-Related Financial Disclosures (TCFD) recommendations and which climate-related scenario to deploy, said Michael Bloomberg, chairman of the report.
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TCFD Reaction: 'Turning point for climate disclosure'
14 December 2016The launch of TCFD's recommendations were today hailed as a landmark moment for investors campaigning to have climate considerations integrated into mainstream reporting.
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Swiss Re reinsures China's most populous province against natural disaster
28 October 2016Swiss Re will reinsure 10 prefectures of Guangdong province, in partnership with the Chinese government's People's Insurance Company of China (PICC), by the end of the year.
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US insurers 'turning blind eye to climate change'
21 October 2016Many US insurers are still turning a blind eye to climate change, with less than 20% attaining high scores for their climate risk reporting, a study has warned.
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Insuring in a changing climate
10 October 2016A year after the PRA's landmark report into the insurance sector and climate change, Environmental Finance looks at how the industry is responding.
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EEX to launch wind futures product next month
01 September 2016The European Energy Exchange (EEX) will next month launch a futures product to help power traders hedge against the volatility of wind power production.
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Reinsurers should reassess catastrophe exposure - S&P
18 August 2016The likelihood of reinsurers failing to break even in a calendar year is now twice as likely than in 2012, owing to firms' exposure to certain catastrophe events, according to a report by rating agency S&P.
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Natural disasters cause $68bn of losses in H1
18 August 2016A spate of thunderstorms in the US and Europe, and wildfires in Canada helped push the economic losses caused by natural disasters to $68 billion in the first half of 2016.
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Swiss Re unveils novel disaster insurance product for Chinese farmers
03 August 2016Swiss Re has agreed a reinsurance contract with China's Heilongjiang province and a local insurer, to protect farmers against financial losses caused by natural disasters.
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EF BRIEFS: Iberdrola, Munich Re, CoPower, Haringey Council Pension Fund, Swiss Re
25 January 2016MEAG, the asset management arm of Munich Re, has bought a 27MW solar farm in the UK from BayWa r.e.