Industry Segments: Environment Page 2 / 5
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- March 9 2023
Exclusive: 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- August 9 2022
Underwriters remain selective over APAC renewables
Despite a rapidly growing opportunity in the region, capturing profit can be tough.
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- 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.
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- 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.
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- June 17 2022
MS&AD joins Net-Zero Insurance Alliance
The UN initiative wants net-zero greenhouse emissions in underwriting portfolios by 2050.
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- 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.
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- 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.
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- 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.
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- 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.
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- May 6 2022
Allianz’s climate shift to be felt in APAC
Oil and gas capacity is set to shrink faster amid war in Ukraine and dire warnings from the IPCC.
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- May 4 2022
520,000 Aussie properties ‘uninsurable’ by 2030: Climate Council
80% of the risk is due to riverine flooding for "high risk" properties.
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- March 22 2022
Bridging Asia’s environmental liability insurance gap
Tightening regulations and heightened awareness are driving demand in a complex risk environment.
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- January 24 2022
Tokio Marine accused of failing climate promises
The Japanese insurer, as well as Chubb and Mapfre, criticised over Brazilian drilling.
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- November 30 2021
PIC 2021: Green investments key for sustainability
CEOs from China Pacific Life, Manulife, Axa and HSBC Life urged the industry to invest in green finance.
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- November 18 2021
APAC insurers should curb coal to avoid legal threat: Moody’s
Climate change-linked lawsuits against companies in carbon intensive industries have increased in recent years.
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- October 27 2021
Parima 2021: PPPs make green energy projects viable
Insurers say renewable business lines have struggled with profitability for many years.
