Reinsurance News

carbon

Swiss Re & Carbonfuture partner to boost carbon removal market standards

1st December 2022

Reinsurance giant Swiss Re and carbon removal tracing platform Carbonfuture, have signed a multi-year offtake agreement to support high-quality standards in the biochar carbon removal market. Carbonfuture suggests that the partnership is among the largest biochar agreements ever signed, and further highlights the relevance that trustworthy approaches to carbon removal credits ... Read the full article

Net zero plans help insurers manage carbon transition risks: Moody’s

21st November 2022

According to a recent Moody's investor's service report, net zero objectives require considerable organisational focus and investment in measuring carbon transition risk, which in turn puts insurers in a better position to manage it. The most credible plans are based on robust and transparent frameworks, include measurable interim targets, and cover ... Read the full article

Aon announces partnership with Revalue Nature

23rd September 2022

Collaboration between re/insurance broker Aon and Revalue Nature, a next-generation developer of nature-based solutions, will scale the development of high-integrity, nature-based carbon credits to meet growing demand, the broker stated in a recent announcement. This partnership aims to encourage innovation in insurance for nature-based solutions and help deliver climate mitigation benefits, ... Read the full article

Swiss Re backs major carbon removal project

23rd May 2022

Swiss Re has become one of the founding buyers of credits from a new Swiss company aiming to reduce the cost of atmospheric carbon removal, according to reports from Reuters. The reinsurer joins banking giant UBS, Boston Consulting Group, private banking firm LGT, and shipping company Mitsui O.S.K. Lines in buying ... Read the full article

Net-Zero Insurance Alliance (NZIA) launched at G20 Climate Summit

12th July 2021

Eight of the world’s largest insurance and reinsurance companies have launched the Net-Zero Insurance Alliance (NZIA) at the G20 Climate Summit in Venice yesterday, committing to transition their underwriting portfolios to net-zero greenhouse gas (GHG) emissions by 2050. The United Nations Environment Programme Finance Initiative (UNEP FI) called it a "historic ... Read the full article

Carbon Underwriting announces new Claims Manager

19th August 2020

Independent managing general underwriter, Carbon Underwriting Limited (Carbon), has announced the appointment of Gary Bradshaw as Claims Manager. Bradshaw joins Carbon with more than 25 years of senior claims management experience in the London Market and brings with him a wealth of knowledge and understanding of high-quality specialty claims handling backed ... Read the full article

Allianz aims to double net zero asset commitments, says CEO at Davos

21st January 2020

Oliver Bäte, the Chief Executive Officer (CEO) of global insurer and reinsurer Allianz, has said that through meetings with various investors at the World Economic Forum (WEF) in Davos, the firm is looking to get a doubling of the commitments made under the Net-Zero Asset Owner Alliance. The Net-Zero Asset Owner ... Read the full article