UBS, SwissRe join carbon capture scale-up

Carbon,Investment

Allianz to halt investments in new oil and gas fields

And will require 'net-zero by 2050' commitment from hydrocarbon producers

Insurance,Stranded Assets

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)…

Insurance

Marine insurers back principles to decarbonise shipping

Swiss Re and Scor are among the major players involved in the venture

Insurance

Swiss Re 'whipsawed' by demand for weather protection

The weather derivatives arm of Zurich-based reinsurance company Swiss Re was "whipsawed" this year by…

Insurance,Policy

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…

Insurance

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…

ESG Data

Insurance giants form Net-Zero Insurance Alliance

Carbon,Insurance

Swiss Re heralds carbon sequestration industry as big as oil and gas sector

But reinsurer acknowledges long-tail liabilities of insuring CO2 storage

Insurance

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',…

Carbon,Insurance

Insurance Risk & Capital Americas Conference recap

The conference content is available for one more month!

Insurance,Policy

Mitigating climate risk needs insurance regulators 'to get tough'

Insurance regulators have been urged to take a hard-line approach for insurers on climate risk management.

Insurance

Alok Sharma: COP 26 'will see agreement' on Article 6 debate

Alok Sharma, president of the United Nations Climate Change Conference (COP26) has spoken of his confidence…

Carbon,Investment,Natural Capital,Policy

Swiss Re ramps up its internal price on carbon

Several leading European insurance groups - Swiss Re, Generali, Allianz and Aviva Europe - have announced…

Carbon,Insurance

Insurers' oil and gas activities to be next under spotlight

Re/insurers around the world should limit their support for oil and gas projects and have until mid-September…

Insurance

Many insurers still lack sustainable underwriting policies

Re/insurers shared tips on setting up frameworks for incorporating environmental, social and governance risks in underwriting at a recent UNEP PSI webinar. Cintia Cheong reports

Insurance

Danish pension funds invest $250m in US solar projects

Danish pension funds PenSam and PKA have invested DKK1.7 billion ($249 million) in US solar energy plants…

Insurance,Renewables

Insurance, pandemics and climate change

Insurers have long been aware of the risks of a global pandemic, but have failed to act. They mustn't make the same mistake on climate change, Peter Bosshard writes

ESG,Insurance,Investment

Pandemics come and go, climate risk here to stay, Swiss Re warns

Financial markets must not lose sight of the threat from global warming in the frenzy around the Covid-19…

Insurance,Investment

Cat modelling awakens to climate change risk

Responsibility for understanding the implications of climate change for insurers has largely fallen on the shoulders of the catastrophe modelling community. They are responding with a more dynamic and multi-faceted view, as Paul Walsh reports

Insurance