Allianz to halt investments in new oil and gas fields
And will require 'net-zero by 2050' commitment from hydrocarbon producers
Swiss Re: Lloyd's Lab entry will target private market ESG data issues
Swiss Re has vowed to address insurers' problems with sourcing environmental, social and governance (ESG) data from private companies, via a venture that has gained entry into Lloyd's of London's insurtech accelerator programme.
Marine insurers back principles to decarbonise shipping
Swiss Re and Scor are among the major players involved in the venture
Swiss Re 'whipsawed' by demand for weather protection
The weather derivatives arm of Zurich-based reinsurance company Swiss Re was "whipsawed" this year by demand for protection against cold weather...
Climate risk means property cat losses could rise 120% by 2040
Climate risk could hike insured property catastrophe losses by 90 to 120% by 2040 in key markets such as China, the UK, France and Germany, according to Swiss Re.
Technological advances lower barriers to entry for spatial finance, study finds
Financial institutions are increasingly using 'spatial finance' data to assess climate risk after technological advances
Insurance giants form Net-Zero Insurance Alliance
Swiss Re heralds carbon sequestration industry as big as oil and gas sector
But reinsurer acknowledges long-tail liabilities of insuring CO2 storage
Banks with $29trn in assets pledge to set 2050 'net zero' targets
A group of banks with about $28.5 trillion in assets has joined a UN-convened 'Net Zero Banking Alliance', and in doing so pledged to "align operational and attributable emissions from their portfolios with pathways to net-zero by 2050 or sooner".
Insurance Risk & Capital Americas Conference recap
The conference content is available for one more month!