Insurance

Lloyd's of London has said it aims to unveil guidance on embedding environmental, social and governance (ESG) factors into underwriting and investments by the end of this year.

ABN Amro has warned that assets are increasingly becoming "uninsurable" due to the impact of extreme weather caused by climate change, as insurers respond to rising loss risk by hiking premiums and reducing exposure.

Axa's chief executive Thomas Buberl has described the exodus of insurers - including Axa - from the Net-Zero Insurance Alliance (NZIA) "as a sad chapter".

US insurers fall short in measuring climate risks and setting targets to mitigate these, with "more crosses than check marks" given to insurers in an analysis of disclosures to US regulators.

A lack of timely and reliable data has deterred investment in, and insurance of, nature-related projects, the head of a nature technology collective has claimed.

The Net-Zero Insurance Alliance (NZIA) has scrapped all requirements for member firms to set and publish emissions reduction targets following a mass exodus of members in recent months.

Franklin Templeton has launched two ETFs, focusing on sustainable food and healthcare.

Axa has announced new decarbonisation targets for both its insurance and investment portfolios, as well as publishing its 2023 climate and biodiversity report.

About 30% of Eurozone insurers' investments are highly dependent on nature, according to analysis of about €2.3 trillion ($2.5 trillion) of insurers' investments in corporate bonds and equity.

The European Commission has been told it should spur sustainable investments in low- and middle-income countries (LMICs) by reducing the charges incurred by insurers for backing blended finance funds.

Guy Carpenter and an academic from Queen Mary University of London have outlined a re/insurance structure, partly backed by private investors, "to facilitate improved financial resilience and loss prevention for climate change-related weather risks".