Fossil fuel divestment movement ‘backed by $6trn in assets’
Investors with a combined $6.24 trillion in assets have publicly committed to divest from fossil fuels, according to a study by Arabella Advisors.
Severe natural catastrophes in 2017 leave Europe's non-life insurers nursing losses
Last year's spate of severe natural catastrophes caused Europe's non-life insurers cumulatively to make a loss from covering property damage.
H1 disaster losses well below average, says Swiss Re
Global economic losses from disasters plunged to $36 billion in the first half of 2018 from $64 billion in the same period last year, well below the ten-year average of $125 billion, according to Swiss Re.
Munich Re tightens coal divestment policy
The CEO of Munich Re has announced a new climate and divestment policy for the German reinsurer, in a guest article for German newspaper Frankfurter Allgemeine Zeitung.
Will TCFD boost demand for weather hedging?
Growing pressure on companies and investors to disclose the potential impact of climate-change could lead to more use of weather risk management contracts, some analysts believe. Graham Cooper reports
Economic case for ESG investing is valid, says Swiss Re
Insurance giant Swiss Re, which in July 2017 committed to using benchmarks based on environmental, social and governance (ESG) criteria, rather than market-capitalisation, has concluded that "the economic case for ESG investing is a valid one."
Hannover Re is latest insurer to 'exit coal'
Hannover Re is set to become the latest reinsurer to sell some of its coal-related investments.
Members of EU Technical Expert Group on Sustainable Finance announced
The European Commission has announced the members of its Technical Expert Group on Sustainable Finance.
Aviva under fire for taking only "baby steps" to move away from coal
Aviva has become the latest insurer slammed by the Unfriend Coal network, a coalition of non-governmental organisations (NGOs) that targets insurers facilitating fossil fuel extraction, for investing in the coal sector.
Allianz to walk away from coal by 2040
The world’s biggest insurer, Allianz, said it will turn its back on coal by 2040, both in its underwriting and investment arms.