Energy
Lloyd’s unveils roadmap to cross-industry net-zero
Lloyd’s of London, which on Wednesday was targeted by climate activists wielding green paint, has published a roadmap detailing steps to push industries towards net-zero.
IGI sets up European subsidiary; Ardonagh establishes Irish data hub; Howden launches climate risk arm; Swiss Re backs BP EV trial
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers commit to tackling climate change with launch of net zero alliance
Eight insurers and reinsurers have established a United Nations-convened Net Zero Insurance Alliance as founding members, committing to transition their insurance and reinsurance underwriting portfolios to net-zero greenhouse gas emissions by 2050.
Climate-related disruption set to continue at Lloyd's
The Prince of Wales' climate insurance taskforce launch will not put a stop to protesters taking to Lloyd's to demand a swift end to fossil fuel cover, activist groups have told Post.
Climate activists take to Lloyd's in 'Father’s Day appeal'
Climate activists today gathered outside 1 Lime Street in the latest of a series of protest actions against fossil fuel underwriting.
Tackling climate change top of ABI agenda, says Huw Evans
The Association of British Insurers has been working hard on an industry roadmap for tackling climate change and is aiming to publish its findings on 7 July, director general Huw Evans told the audience of the Post LIVE annual conference.
UN's Antonio Guterres calls on insurers to phase out coal and fossil fuels underwriting
Secretary general of the United Nations Antonio Guterres has called on insurers to phase out “the underwriting of coal and all fossil fuels”.
Q&A: John Fowle, Chaucer
John Fowle, CEO of Chaucer, tells Post all about growth, being owned by China Re and the plans for the next 12 months as well as why the business undertook its recent rebranding and the importance of diversity and inclusion.
Insurers failing on ESG: report
Insurers are failing to tackle ESG issues, a report by Share Action has warned, though European businesses are at the front of the pack.
Blog: Securing our prosperity in a climate resilient world
The global (re)insurance industry is a key player in helping to decarbonise our economies and mitigate the risk of climate change, writes Swiss Re CEO of reinsurance Moses Ojeisekhoba.
Briefing: Time for Lloyd’s to take the lead on climate change
Climate protesters are becoming a frequent irritation for Lloyd's but, as Pamela Kokoszka explains, they are a piece of a bigger puzzle that the corporation needs to do better to acknowledge and play its part in.
Colonial Pipeline: Cyber attack must be a 'wake up call' for insurance sector
The ransomware cyber-attack on the Colonial Pipeline that led to a shutdown of the 5500-mile-long fuel pipeline in the US should be a “wake up call” for all businesses and the insurance market, according to experts.
Two arrested as Extinction Rebellion targets Lloyd's HQ with fake coal dump
Two people were arrested this morning after climate activist group Extinction Rebellion dumped a large pile of fake coal outside Lloyd’s headquarters, blocking the main entrance to the building.
Spotlight: Surety bonds - The evolving energy sector
Surety bonds can offer companies across various industries a method of managing their liquidity challenges. Post looks at the rapidly changing energy sector and how surety guarantees are a potential solution for managing risks if companies are unable to…
For the record: Wilson’s insurtech Abacai acquires Dayinsure; 250 job losses at BGL; GRS recruits Advanta team; and Howden acquires STA Group
Post wraps up the major insurance deals, launches, investments and strategic moves of the week not covered elsewhere on www.postonline.co.uk
Insurers warned achieving net zero not enough to combat climate change
Environment Agency CEO Sir James Bevan has reminded insurers that while net zero commitments are important there is further work to do to tackle climate change.
Vital that valid BI claims are settled quickly after test case, ABI chair Jon Dye tells insurers
The dispute over business interruption cover has undoubtedly been difficult and most people will have only seen one set of headlines about the insurance industry during the pandemic, Allianz UK CEO and Association of British Insurers chair Jon Dye told…
For the record: Ardonagh swoops for PI broker; ERS in ILS push; First 4 Lawyers launches RTA law firm; Marsh partnership and McLarens acquires
Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Apollo names head of marine and energy liability after Howard Burnell's assault conviction
Rob Johnston has been named Apollo head of marine and energy liability, following Howard Burnell’s conviction for assaulting his then girlfriend.
Analysis: ERS goes commercial
Broker-only motor insurer ERS has the chance to make its mark in the commercial sector but will need to recruit well and target niche larger risks.
For the record: The week in deals featuring Aston Lark, GRP, PIB, Marsh, MS Amlin, Nexus, Partners& and Sedgwick
Post wraps up the major insurance deals, launches, investments and strategic moves of the week
Intelligence: Impact of Covid-19 on insurance investments
The economic crisis caused by Covid-19 has been compared to the 2008 financial crisis by economists. With the Bank of England lowering the interest rate from 0.75% to 0.1%, Post finds out what investment themes have emerged in the recent months, and what…
Apollo suspends head of marine and energy liability over reported assault conviction
Apollo head of marine and energy liability, Howard James Burnell, has been suspended following a reported conviction for assault, Post has learned.
Interview: Julian James, Sompo International
Sompo International’s international insurance CEO Julian James sat down for a ‘virtual chinwag’ with Harry Curtis to talk returning from retirement, the business’s Lloyd’s exit and brand ambitions, the hardening market and ‘Armageddon scenarios’.