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Insurers 'will not be allowed to walk away' from areas hit by climate change
11 October 2018Politicians "will eat insurers' lunch" if they try to walk away from insuring areas that suffer the adverse impacts of climate change, a regulator has warned.
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Insured losses from typhoon Mangkhut could hit $2bn
27 September 2018Insured losses from typhoon Mangkhut in mainland China, Hong Kong and Macau are estimated to range between $1billion and $2 billion, catastrophe risk modeller AIR Worldwide has warned.
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RMS predicts up to $5bn insured losses from Florence
25 September 2018Insured losses from hurricane Florence, which caused widespread devastation across North Carolina earlier this month, will range between $2.8 billion and $5 billion, according to catastrophe risk modelling firm RMS.
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Fossil fuel divestment movement ‘backed by $6trn in assets’
13 September 2018Investors with a combined $6.24 trillion in assets have publicly committed to divest from fossil fuels, according to a study by Arabella Advisors.
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Generali to acquire French asset manager Sycomore
07 September 2018Italian insurance group Assicurazioni Generali has entered into exclusive negotiations to acquire a majority stake in French asset manager Sycomore.
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Severe natural catastrophes in 2017 leave Europe's non-life insurers nursing losses
06 September 2018Last year's spate of severe natural catastrophes caused Europe's non-life insurers cumulatively to make a loss from covering property damage.
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Insurers' commitment to ESG "not a fad that is likely to fade"
30 August 2018The trend that has seen insurers pay increasing attention to environmental, social and governance (ESG) risks and opportunities is not a fad, according to a report.
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EU's sustainability taxonomy 'should not meddle with Solvency II capital requirements'
28 August 2018Solvency II capital requirements should be used to measure and capture risks and not as a base to artificially create incentives or disincentives to investing, Europe's insurance lobbying group has said.
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Insurers underperform on ESG integration, says Vigeo Eiris
22 August 2018The insurance industry must work harder to improve its consideration of environmental, social and governance (ESG) issues, according to a report which ranked it 23rd out of 39 industries for its performance on reporting and integration.
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H1 disaster losses well below average, says Swiss Re
20 August 2018Global 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.