Climate

Descartes launches full-stack insurer with plans to expand across EEA

French parametric insurtech Descartes Underwriting has launched a full-stack insurer to operate alongside its existing MGA.

Swiss Re CorSo eyes renewables and E&C growth with new appointments

Swiss Re Corporate Solutions has set its sights on growing its book of renewable energy construction and in-operation business as well as building out its engineering and construction platform in the UK, handing Faris Nimri and Cedric Wong new roles to spearhead the expansions.

Parametric solutions open door to more resilient future

The latest monthly edition of The ESG Insurer, published earlier this week, shines further light on the raft of initiatives under way to deploy parametric solutions to build the resilience of vulnerable communities and protect natural assets.

Zimbabwe secures African Risk Capacity parametric drought cover

African Risk Capacity has provided the government of Zimbabwe with a parametric insurance policy to protect farmers from drought risk.

WTW names Marsh’s Gardner GB retail renewable energy & power leader

WTW has appointed former Marsh senior vice president Robert Gardner as GB retail industry leader for renewable energy and power within its risk and broking division.

Former MGA GCube hires trio as new owner Tokio Marine HCC consolidates

Renewable energy-focused GCube has bolstered its global underwriting team with a trio of hires from Marsh, Aon and Chubb as the business formalises its transition from an MGA to an underwriting division under new owner Tokio Marine HCC.

Agriculture-focused insurtech Ibisa raises €1.5mn in seed round

Luxembourg-based insurtech start-up Ibisa has raised €1.5mn ($1.7mn) in a seed round as it looks to expand its offering across the Philippines and India.

Natural approaches to wildfire management could fuel CA capacity growth

Nature-based approaches that strengthen resilience would help re-attract insurance capacity to wildfire-hit regions, a new Marsh McLennan and The Nature Conservancy in California report suggests.

Miller bolsters renewables offering with WTW hires

Miller has continued the expansion of its renewable energy and environmental technology team with the hires of Ellie Fyfe and Kelly Stevens as account executive and account handler respectively.

Danish Red Cross’ debut volcano cat bond listed in Guernsey

The Danish Red Cross-sponsored parametric catastrophe bond covering volcanic eruption risk has now been listed in Guernsey on The International Stock Exchange.

Lloyd’s DRF launches parametric cyclone product for North Australia

The Lloyd’s Disaster Risk Facility (DRF) has unveiled an innovative parametric cyclone insurance product for retail clients based in Northern Australia, with Beazley leading the new offering supported by Axa XL, Hiscox and RenaissanceRe.

World Bank hands the Philippines $500mn catastrophe contingent credit line

The World Bank has issued the Philippines a $500mn contingent line of credit through a new Catastrophe-Deferred Drawdown Option arrangement.

Liiba’s Croft: net zero drive must harness market’s tradition of innovation

Regulators must play their part in the journey towards net zero by enabling carriers to innovate on new products without being constrained by a lack of historical data, according to Christopher Croft, CEO of the London & International Insurance Brokers’ Association (Liiba).

Markel International expands renewable energy team with three new hires

Markel International has expanded its renewable energy team with the appointments of Charlie Richardson as head of renewable energy underwriting, Sarah McCarthy as underwriter and Yong Ruay Heah as assistant underwriter.

Mobilising finance critical to a more resilient future

As delegates continue to negotiate over what will make it into the final agreement to emerge from COP26, finance remains a major stumbling block.

Public-private finance critical to drive scale in agriculture insurance

Public and private finance will be critical to drive scale in weather-index based agricultural insurance products in sub-Saharan Africa, according to climate risk finance specialist Rahel Diro.

River Thames shows “clear influences of climate change”

A new study of the River Thames has highlighted “clear influences of climate change” with both water temperatures and sea levels continuing to rise above historic baselines.

Reinsurers put climate first in PwCs’ latest “Banana Skins” survey

Reinsurers’ now rank climate change as the greatest risk facing the global industry following PwC’s latest industry “Banana Skins 2021” survey.

Howden appeals to COP26 delegates for collaboration on disaster relief funding

Howden CEO David Howden has called on the public, private and charity sectors to create a market that develops alternative methods to help close the widening ~$20bn disaster relief funding gap.

Aon highlights critical steps needed to better prepare for climate change impacts

Aon has called for a series of steps to be taken to better prepare for hurricane, wildfire and flood risks amid a rising recognition of the impact climate change is having on these perils.

Region

Topics

Events & Conferences

Content Types