Specialty (re)insurer Canopius has named Olivia Brindle head of sustainability, effective immediately.

Markerstudy’s near-term and long-term greenhouse gas (GHG) emission reduction targets have been approved by the Science Based Targets initiative (SBTi).

Generali, Allianz and Zurich have topped the 2024 scorecard by Insure Our Future for implementing the most comprehensive fossil fuel underwriting restrictions across 30 global (re)insurers.

The renewable energy market is suffering from a shortage of “credible” lead capacity due to a lack of experienced underwriters and inadequate modelling, according to Julian Richardson, CUO of green solutions at Munich Re Specialty.

Davies Group – including its captive management business, MGA/broker incubation platform and Lloyd’s third-party managing agent Asta – will be focused on rolling out a new culture strategy and beginning to tackle supply chain emissions in 2025 under its new office of responsible business.

The UN Office for Disaster Risk Reduction (UNDRR) has formed a network of corporate chief resilience officers with the aim to embed disaster resilience into businesses.

CFC has strengthened its carbon insurance offering by expanding its underwriting to cover cancellation and non-delivery risk for natural capital credits developed by Go Balance Ltd.

Corporate and specialty insurer HDI Global has extended its environmental liability insurance offering to the international market with the addition of social and governance coverage.

A coalition of members from non-profits, start-ups and research providers have launched Insurance for Good, a new US-based non-profit designed to coordinate efforts to harness insurance for the common social and environmental good.

The increasing range and volatility of employer risks driven by shifting workplace cultures and issues around inclusion and sustainability will prompt an uptick in D&O and employment practices liability cover, a new report by Beazley has found.

Industry bodies have generally welcomed the Financial Conduct Authority (FCA)’s survey of reported incidents of non-financial misconduct – with the report described as a “valuable addition” and “uncomfortable reading” – in the effort to crackdown on inappropriate behaviour across the London market and wider UK financial services sector.

Global food systems and the carbon markets present the most lucrative opportunities for the insurance sector to drive a “step change” in private capital flows for nature, a new report by Howden has said.

The politicisation of ESG-related data means that it is unlikely to inform pricing of risk, but underwriters and brokers are likely to request more specific data points during underwriting assessments in order to build a more bespoke risk profile, according to Axa XL’s Sam Day.

Matt Kuznik, partner at Keoghs LLP, on why greenhushing is an emerging risk for directors and officers.

Axa XL has completed the majority of targets under the first phase of its three-year sustainability strategy, with the carrier yet to increase the robustness of sustainability governance or begin development of an ESG incubator programme.