Industry Segments: ESG Page 4 / 7
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- September 1 2023
Gallagher hires Australia head of climate and sustainability from Marsh
Sophie Griffin will be responsible for leading Gallagher's efforts to help clients mitigate and adapt to climate change risks and achieve their sustainability goals.
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- July 12 2023
WTW, Axa Climate roll out Asia’s first 4-peril parametric cover
The policy offers Sri Lankan shrimp farms protection against earthquake, typhoon, excess rainfall and heat stress.
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- July 10 2023
Lloyd’s syndicate Probitas 1492 to cease insuring Adani’s Australian mine
Once the existing policies expire in the next quarter, the carrier will not provide insurance support in the future for any ancillary or associated activities.
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- July 6 2023
NZIA does away with emission targets for insurers
The UN said the protocol would now be "a voluntary best practice guide" for helping build and compare decarbonisation targets.
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- July 5 2023
Net-zero alliance to make membership rules less prescriptive: report
The UN-led insurers' climate coalition is proposing to remove a six-month deadline for members to publish greenhouse gas emissions targets.
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- June 16 2023
Philippines to get US$750m World Bank loan for ESG, expanding crop insurance
The policy loan will bolster environmental protection and fund new insurance products for smallholder farmers and support operations of the Philippine Crop Insurance Commission.
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- June 15 2023
Carriers bet on APAC renewables despite losses
Underwriters await a market correction as regional investments in innovative projects such as floating solar panels increase.
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- June 2 2023
Zurich | Aligning your climate resilience strategy with evolving disclosure requirements
Climate reporting as a mere checkbox exercise may not yield meaningful information if companies fail to manage their risks.
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- 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.
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- 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.
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- May 29 2023
Tokio Marine quits climate alliance
The Japanese insurer said it remains committed to the transition towards a decarbonised society.
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- 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.
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- 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.
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- April 21 2023
Singapore extends ILS grant scheme till 2025
The Monetary Authority of Singapore's US$11.25m grant will subsidise the cost of issuing catastrophe bonds and the expanded suite of securities that focus on Asia risks.
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- April 20 2023
Korean P&C insurers falling short on oil and gas exclusions
While most of the insurers have started acting on coal policies, only Samsung has extended it to the petroleum industries.
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- April 20 2023
Hannover Re becomes third major to leave Net-Zero Insurance Alliance
The reinsurer has joined Munich Re and Zurich in quitting the global climate group but hasn't given a specific reason.
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- April 11 2023
Market dislocation unlikely to disrupt Asian carriers
Asian insurers are casting their investment nets wider with a growing impetus on the sophisticated aspects of ESG.
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- April 6 2023
Zurich quits climate alliance after Munich Re exit
Zurich says it remains 'fully committed . . . to supporting the net-zero transition'.
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- April 4 2023
Marsh launches ESG ratings for Asia D&O covers
Capacity providers, which include Beazley, will offer preferred terms and conditions to companies that meet minimum criteria based on the risk score.
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- 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.
