Scor scales up coal divestment policies
Insurer Scor has strengthened its coal exclusion policies, but it still falls short of alignment with the goals set by the Paris Climate Agreement.
Australia launches HLEG-style sustainable finance initiative
A group of leaders and senior executives at Australia’s major banks, superannuation funds and insurance companies has been assembled to devise a sustainable finance ‘roadmap’.
2018 cat losses will be far worse than early estimates, says JLT Re
Total insured catastrophe losses for 2018 will be significantly higher than the $80 billion -90 billion reported by Swiss Re, Munich Re, Aon and others, according to broker JLT Re.
Swiss Re estimates 2018 catastrophe bill at $2.9bn
Swiss Re expects a bill from large catastrophes and man-made disasters of $2.9 billion for 2018 with nearly half coming from the fourth quarter alone.
Environmentalists slam US insurers for backing coal
Asia-Pacific firms fare slightly better; Swiss Re and Axa earn top marks
RMS warns of $13bn California wildfire losses
Total insured losses from the wildfires currently devastating large parts of California will be between $9 billion and $13 billion, predicts RMS.
Major insurers to cooperate on climate risk tools
The UN Environment Programme Finance Initiative (UNEP FI) has announced a partnership with 16 of the world largest insurers to develop a new generation of climate risk assessment tools.
Hannover Re defends coal investing
Reply to criticism comes on heels of Vienna Insurance Group's own defence
TCFD exceeds target of 500 supporters
A total of 513 organisations have now expressed support for the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), beating the secretariat's target of 500 by the end of this year.
BlackRock insurance report sees green bonds surge within larger ESG uptake
Insurers are expected to boost green bond investments in the next five years, as a majority has adopted environmental, social and governance (ESG) investment policies in North America and Europe, a BlackRock report said.