Swiss Re signs $10m carbon removal deal to tackle climate change

Carbon emission

Swiss Re has partnered with Climeworks in a $10m (£7.3m) deal over 10 years to combat climate change using direct air capture and storage of carbon dioxide technology.

The partnership is part of Swiss Re’s programme to reach net-zero in its own operations by 2030.

According to the global reinsurance giant, with the length and value of the deal unmatched in the

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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