Climate change
JLT Specialty's Hamish Roberts on why insurers must continue insuring coal
The pressure on insurers to deny coal projects any form of cover may actually increase pollution, warns Hamish Roberts, head of JLT Specialty’s London-based power business.
Insurers under fire over climate risk reporting
Three insurers have been reported to the FCA and could face fines for allegedly failing to disclose information which they are “legally obliged to report”.
Axa Research Fund gets €50m endowment
Axa has committed €50m (£44m) to its research fund over the next five years.
Beazley's Catherina MacCabe on the mounting pressure on D&Os
Directors and officers are coming under ever closer scrutiny as pressure is mounting to comply with gender, cyber and environmental requirements, explains Catherina MacCabe, head of the International Management Liability focus group at Beazley.
Allianz to stop insuring coal power plants and mines
Allianz will stop insuring single coal-fired power plants and coal mines and divest from companies planning to build more than 500 MW of new coal power capacity.
Climate groups urge Lloyd’s to tackle coal investment
Lloyd’s of London is under pressure from climate change groups to take action on insuring and investing in coal projects and change its rules for market members.
Generali to cut coal investments by £1.7bn in new climate change strategy
Italian insurer Generali is to divest from the coal industry as part of a new climate change strategy and has pledged to raise investments in environmentally friendly projects.
This month in Post: Renewals, rates and redundancies
The year started with an executive merry-go-round but this week proved that less senior people were also liable to redundancy, as it was revealed that a total of 480 jobs are at risk as a result of the LV/Allianz deal.
EC report recommends adapting Solvency II
The European Commission and Insurance Europe have welcomed a report that suggests adapting Solvency II to facilitate sustainable investment.
Analysis: Sustainable insurance - in it for the long run
European insurers are gearing their investment strategies towards sustainable ventures.
This week: Technology, treasury and trade credit
I'm not sure who was more excited about technology in our house this week, my son discovered that virtual pets in the form of Tamagotchi are making a comeback in the UK this year while I learnt a bar has opened where robots make you cocktails.
Analysis: A changing investment climate
Insurers are increasingly finding themselves under pressure on three fronts when it comes to climate change – as underwriters, as major investors and as large employers with their own substantial carbon footprints. That pressure is about to intensify.
Insurance Council of New Zealand warns on climate change after record weather year
2017 was the most expensive year on record for weather-related insured losses according to the Insurance Council of New Zealand.
Aon Benfield chairman to lead the board at Climate Wise
Aon Benfield’s executive chairman Dominic Christian has been appointed chairman of Climate Wise.
Preview of 2018: A sneak peek at the coming year
The promised whiplash and discount rate reforms, as well as the UK’s exit from the European Union, are expected to shape the coming year for the industry. Insurers, brokers, loss adjusters and lawyers are wary of political uncertainties and the trends in…
Post Power List 2018: Climate change (and its deniers)
Climate change (and its deniers)
Aviva's Maurice Tulloch on the race to sustainability
Maurice Tulloch, CEO of international insurance at Aviva, explains why and how the industry should encourage a global race to sustainability.
Axa divests from oil sands and commits €12bn for environmentally-friendly projects
Global French insurer Axa has divested from 25 oil sands (also known as tar sands) companies and made other environmental commitments at the One Planet Summit in Paris.
Young Hongkongers very concerned about climate change, says MS Amlin
Research undertaken by global (re)insurer MS Amlin suggests the majority of 18 to 35 year olds in Hong Kong are worried about climate change.
Insurers divest $20bn from coal
Insurers are divesting an estimated $20bn (£15bn) in equities and bonds from coal projects, according to the Unfriend Coal campaign.
Zurich's Guy Miller on climate change
Guy Miller, head of macroeconomics at Zurich, looks at the risks associated with extreme weather and anti-climate change initiatives.
Analysis: Hurricane harm
Hurricane season has caused devastation across the Atlantic but, despite the human death toll, the impact on reinsurers is likely to be limited
Intangible risk cover is the future says Pool Re CEO
The future of insurance cover lies in intangible risks, a conference of claims professionals has heard.
Axa's Tanguy Touffut on how Big Data is enabling parametric insurance
Big Data and satellite technology are enabling parametric insurance, explains Tanguy Touffut, CEO of Axa Global Parametrics.