Climate

Beazley’s Cox: Climate litigation risk “rising issue” in D&O

Rising climate litigation risk is prompting D&O underwriters to consider how it will impact their portfolio, including building “greenwashing-realistic” disaster scenarios and monitoring global climate litigation trends, according to Beazley CEO Adrian Cox.

Climate change – Evolving risk and regulation

Guy Carpenter’s Kieran Bhatia, Sam Phibbs and Katy Reyner on the need to navigate the changing regulatory landscape related to climate change.

COP28 presidency calls for greater accountability in private sector on climate action

The COP28 presidency has launched a net-zero transition charter to mobilise accountability among the private sector to step up action on climate, as well as encouraging greater transparency and integrity in net-zero pledges.

Climate change litigation: The temperature is rising for directors

WTW’s Angus Duncan on why the rising spectre of climate change-related regulation and litigation is becoming a high-priority risk for directors.

Climate inaction in Caribbean will see loss costs rise over 10% by 2050

Caribbean island nations will face loss cost increases of more than 10 percent by 2050 if the insurance industry does not step up to provide affordable coverage and adaptation measures, a new report by Moody’s RMS has warned.

Building a more resilient future

One of the central themes of this year’s Singapore International Reinsurance Conference is the sector’s response to climate change, an issue that will be discussed in this morning’s plenary session.

Building resilience in Asia: insurance initiatives across the region

The Insurer examines some of the initiatives implemented across the Asia Pacific region to improve access to insurance against natural catastrophes.

Climate change: Risks and opportunities

Guy Carpenter’s Stella Geng on steps reinsurers can take to address climate change impacts.

IAIS faces calls for climate risk regulatory action ahead of annual meeting

More than 30 climate and consumer protection groups have called on the International Association of Insurance Supervisors (IAIS) to take action to remedy the “patchy” global insurance regulations on climate-related financial risk that form a “regulatory blindspot”.

Aviva criticises UK govt for putting climate transition goals “under threat”

Aviva has called on the UK government to accelerate the low-carbon transition along the financial system to make the UK the most climate-ready large economy by 2030, slamming last month’s “worrying shift” to expand domestic oil and gas production.

Climate campaign group slams “hypocrisy” of climate risk ranking

Environmental protest group Reclaim Finance has criticised the “hypocrisy” of experts ranking climate change as the top risk in Axa’s latest Future Risks Report while insurers allegedly fail to distance themselves from fossil fuel-intensive projects.

Climate change tops risks globally as AI and big data climbs the 2023 ranking: Axa

Climate change has again topped the risk rankings of both experts and the general public in Axa’s annual Future Risks Report, with respondents recognising the increasing interconnectedness of risks and advocating for a global response to the current risk landscape.

Lloyd’s warns insurers of future climate claims burden

Lloyd’s has warned insurers that the impact of climate change is yet to be fully realised in claims data, with executives at the Corporation calling for greater investment in catastrophe risk modelling capabilities.

Axa XL and Axa Research Fund join systemic risks hub to explore climate transition risk

Axa XL and the Axa Research Fund have joined the Cambridge Systemic Risks Hub to help understand and mitigate systemic risks including climate change, pandemics, cyber threats, geopolitical change and financial crises.

Extinction Rebellion targets reinsurers at Baden-Baden conference

Climate activists have disrupted the annual reinsurance meeting at Baden-Baden, urging the sector to “exit fossil fuels now”.

Climate change – Evolving risk and regulation

Guy Carpenter’s Sam Phibbs, Katy Reyner and Sandra Hansen on the need to navigate the changing regulatory landscape related to climate change.

Industry on alert for climate change protests at Baden-Baden

The annual reinsurance meeting in Baden-Baden is on high alert as it looks to avoid joining the list of high-profile industry events disrupted by climate change protesters this year.

Oka granted in-principle approval for Asta-managed carbon credit SIAB

Carbon credit insurance start-up Oka has been granted “in principle” approval to launch a Lloyd’s syndicate in a box which is aiming to begin underwriting in January 2024.

Howden launches global climate parametrics practice

Howden has created a global climate parametrics practice amid rising demand for parametric solutions to meet resilience and decarbonisation challenges.

UK competition watchdog clarifies rules on climate change agreements

The UK Competition and Markets Authority has published new guidance explaining how competition law is applicable to environmentally sustainability agreements between firms, following much uncertainty earlier this year over the extent of a company’s ability to collaborate with peers for climate action.

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Climate

Beazley’s Cox: Climate litigation risk “rising issue” in D&O

Climate change – Evolving risk and regulation

COP28 presidency calls for greater accountability in private sector on climate action

Climate change litigation: The temperature is rising for directors

Climate inaction in Caribbean will see loss costs rise over 10% by 2050

Building a more resilient future

Building resilience in Asia: insurance initiatives across the region

Climate change: Risks and opportunities

IAIS faces calls for climate risk regulatory action ahead of annual meeting

Aviva criticises UK govt for putting climate transition goals “under threat”

Climate campaign group slams “hypocrisy” of climate risk ranking

Climate change tops risks globally as AI and big data climbs the 2023 ranking: Axa

Lloyd’s warns insurers of future climate claims burden

Axa XL and Axa Research Fund join systemic risks hub to explore climate transition risk

Extinction Rebellion targets reinsurers at Baden-Baden conference

Climate change – Evolving risk and regulation

Industry on alert for climate change protests at Baden-Baden

Oka granted in-principle approval for Asta-managed carbon credit SIAB

Howden launches global climate parametrics practice

UK competition watchdog clarifies rules on climate change agreements