International insurance group Howden has announced the launch of a climate risk and resilience division, set to be led by Charlie Langdale.
The team will focus on risk transfer products designed to help accelerate and de-risk the move towards a low carbon economy, as well as mitigate the results of climate change.
Commenting on the announcement, Langdale said, “We’re helping to remove barriers to financing the projects that will help us move towards a low-carbon economy.
“Whilst also creating scalable, sustainable markets for funding disaster response by unlocking private capital for social good.
“We’re driving capital to where it otherwise wouldn’t go and, in doing so, tackling climate risk from both a reduction and recovery angle.”
David Howden, CEO of Howden Group, added, “I don’t know that there has ever been a more important moment for the insurance industry to prove its power as an enabler for change.
“The move to a low-carbon economy simply cannot happen without insurance; with the launch of this team, we’re investing in the people and resources to help drive that change.
“We’re bringing together the best minds from within our business, and experts from outside the industry, to help us identify and develop the solutions that will have genuine impact in helping our clients in the transition to a more sustainable world.”