Environmental liability
Dual moves to insure developers’ biodiversity liabilities
The UK could act as a proving ground for insuring ‘natural capital’, Dual’s Simon White has said following the MGA’s launch of a product designed to help developers meet biodiversity net gain obligations.
Why PFAS is the greatest threat to insurance today
As “forever chemicals” become a growing focus of government regulation and a deluge of civil litigation, Emma Ann Hughes unpicks the potential impact of the manufacture and distribution of per and polyfluoroalkyl substances for the insurance industry.
Pen Underwriting and QBE agree £420m capacity deals
Pen Underwriting and QBE have announced the renewal of two UK and Ireland capacity deals, together worth £420m.
Lessons from a Bad Beet harvest for agricultural insurers
Could recent payouts to sugar beet farmers for revenue lost to bad weather lead to a growth in insurance options for out-of-doors crops, including parametric solutions? Edmund Tirbutt investigates.
Severe weather to continue to hit UK as insurance reacts to Storm Henk
As homes and businesses face damage from floods caused by Storm Henk, predictions state that the severe weather is not yet over.
Insurance Post’s Top 75 MGAs revealed
Markerstudy and Policy Expert have been the named the country’s two biggest MGAs after achieving revenues of between £80m and £100m for UK-based non-life risks in 2022.
Gallagher Re warns of climate litigation risk to liability books
Liability insurers must take of the rising tide of climate litigation, which could present a massive – albeit uncertain – exposure to multiple portfolios, Gallagher Re has warned.
Brokers warned over red diesel rule change risks
Brokers should ensure they are up to date with a little known new rule change which could impact clients that use or distribute rebated fuels, also known as red diesel.
Allianz in regional commercial restructure; GRS extends global reach with adjuster tie-up; Movo buys three; and Tractable strikes two new deals
For the record: Post wraps up the major insurance deals, launches and investments of the week.
Parhelion co-CEO Richardson asserts insurers need to move on from a ‘piecemeal’ ESG approach
The co-CEO of the self-proclaimed ‘world’s first sustainable insurer’ has admitted that he regards Parhelion as a “pathfinder” for the industry and hopes others will follow it into fully committing to the environmental, social and governance space…
Lord Mayor of London ‘confident’ insurance can do its bit to tackle climate change challenge
Lord Mayor of London William Russell has said he is "more than confident" that the insurance industry can build on the work it is already doing to help tackle climate change.
Global insurers silent on critical ESG report as peers acknowledge more work needed
AIG, Chubb, Travelers and Tokio Marine were among insurers that declined to engage when approached for comment about a recent report highlighting insurer ESG failings.
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.
Trade Voice: Airmic's Julia Graham on managing biodiversity risk
The World Economic Forum identified biodiversity loss as one of its top five global risks earlier this year. Airmic deputy CEO and technical director Julia Graham argues that taking action is in businesses' interests as well as the planet's.
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.
Blog: Environmental liability – a catastrophic cover gap
Judy Hadden, founder of James Hallam business Oilspill Insurance Services, considers the hot topic of environmental liability cover, which she argues may be difficult to explain and sell but is an important value add.
Blog: Decommissioning cruise ships
The impact of Covid-19 on the cruise ship industry has been graphically displayed recently on social media with the first vessels being run up the beaches in Turkey in preparation for recycling. Ian Butterworth, Forum of Insurance Lawyers member and…
Blog: Environmental enforcement undertakings - what insurers and brokers need to know
Environmental criminal liability in England and Wales has recently undergone a period of significant change. Prosecutions have become fewer in number and fines for prosecutions that do take place have become much larger, according to Aidan Thomson and…
Blog: Electric vehicles - the risks associated with lithium batteries
With their ultra-low emissions, electric vehicles are a key part of the UK’s greener future. However, after reports of cars spontaneously catching fire, Andy Miller, technical risk control manager, Allianz UK, explains safety concerns could put the…
Industry 'did not do enough' to prepare society for pandemic, must not fail on climate: Unfriend Coal
Having previously identified both pandemic risk and climate change as the world's "greatest threat," the insurance industry must champion a green and fair recovery from the Covid-19 crisis to help avert another emergency, NGOs have urged.