Industry Segments: Environment Page 1 / 5
- May 30 2023
MS&AD leaves Net-Zero Insurance Alliance
The insurance group is the last of Japan's big three to exit the climate group, following Tokio Marine and Sompo's exits in the last few days.
- May 30 2023
Asian carriers join net-zero exodus
With Japan’s big three calling it time, IAG, Samsung F&M and KB are the only APAC carriers left in the alliance.
- May 26 2023
Scor latest to exit net zero alliance
This is the fifth exit from the NZIA after Swiss Re, Hannover Re, Zurich and Munich Re.
- May 15 2023
New Zealand announces US$720m cyclone, flood recovery package
The budget will go towards rebuilding roads, rail, schools and flood protection.
- April 25 2023
Net-zero alliance’s existential dilemma
As Munich Re, Zurich and Hannover Re leave the NZIA, in part due to US antitrust concerns, Asian carriers have more flexibility with a lack of opposition to ESG investments in the region.
- April 6 2023
Zurich quits climate alliance after Munich Re exit
Zurich says it remains 'fully committed . . . to supporting the net-zero transition'.
- April 3 2023
Munich Re quits net-zero alliance citing antitrust risks
The reinsurer claims it will pursue its own climate targets focusing on reducing greenhouse gas emissions.
- March 9 2023
Philippines oil spill could cost Shipowners’ Club over US$100m
IAN understands that the P&I club is the sole insurer on a sunken oil tanker that was carrying 800,000 litres of toxic fuel oil.
- February 15 2023
Ping An floats first-ever ocean carbon sink insurance
Product provides US$58,000 worth of cover against specific changes in the marine environment that damage local species.
- January 18 2023
First net-zero protocol faces backlash for ‘lack of ambition’ and ‘greenwashing’
Activists say reduction target of 34% by 2030 is lower than IPCC recommendations and exclusions to construction and erection all-risk lines allow insuring of new power plants.
- December 20 2022
Lloyd’s syndicate Probitas 1492 underwriting Adani Carmichael project: report
The insurer is insuring Carmichael rail line, coal haulage operation and NQXT coal port.
- August 30 2022
Lockton rejects Adani’s Carmichael mine deal: report
The broker is the latest (re)insurance firm to distance itself from the controversial project.
- August 9 2022
Underwriters remain selective over APAC renewables
Despite a rapidly growing opportunity in the region, capturing profit can be tough.
- June 28 2022
Sompo makes coal underwriting pledge and joins Net-Zero Insurance Alliance
The insurer commits to ruling out underwriting and investment in certain coal companies by 2025.
- June 24 2022
Market suffers lack of consistent ESG disclosure rules in Asia
Without a standardised framework, market-facing ESG information is not as valuable as it could be.
- June 17 2022
MS&AD joins Net-Zero Insurance Alliance
The UN initiative wants net-zero greenhouse emissions in underwriting portfolios by 2050.
- June 8 2022
MS&AD to convene environmental taskforce
Taskforce on Nature-related Financial Disclosures to hold its first meeting in Japan on June 16.
- May 27 2022
Sompo joins Net-Zero Asset Owner Alliance
The firm also has a renewable energy business in order to help customers with their carbon commitments.
- May 13 2022
Reinsurance pool to fall ‘short of expectations’: Aussie coverholder
Redicova, a provider of parametric wind insurance, predicts a 10% reduction in premiums.
- May 12 2022
Ping An announces launch of China’s first ESG disclosure standards
The new guidelines, which were develop will several others, will help firms assess ESG exposure.