Reinsurance News
environmental risk
SCOR and AXA to de-risk green investments with Lloyd’s consortium for ecological restoration insurance
20th January 2026
Global reinsurer SCOR and multinational insurer AXA have joined forces to launch a new Lloyd’s of London consortium aimed at bridging a critical financing gap by de-risking investment opportunities related to ecological restoration projects. By providing specialised insurance coverage, the consortium intends to unlock the capital necessary to rehabilitate ecosystems that ... Read the full article
Markel collaborates with Greenhouse Specialty to deliver environmental solutions
21st November 2025
Markel Insurance, the insurance operations within Markel Group Inc., has entered a strategic collaboration with Greenhouse Specialty Insurance Services, LLC, a program administrator specialising in environmental casualty insurance products. Founded by Josh Rubin and Geoff Bernardo, Greenhouse Specialty combines traditional underwriting expertise with a technology platform designed to streamline the underwriting ... Read the full article
73% of executives deprioritising sustainability amid economic uncertainty, says Beazley
26th March 2025
A new report from Beazley, a global insurer, underscores a growing disconnect between escalating climate and environmental risks and the reluctance of global business leaders to prioritise sustainability amid economic instability. The firm's latest Risk & Resilience report, which surveyed 3,500 executives worldwide, indicates that the pressures of an uncertain economic ... Read the full article
Mosaic unveils combined general & environmental liability coverage form
20th February 2025
Specialty insurer Mosaic Insurance has launched a new combined environmental product, an innovative solution that merges primary commercial general liability with a suite of added pollution and professional coverages. Mosaic’s new Site Pollution & General Liability (SGL) form is available to retail and wholesale brokers, and provides primary and excess (supported ... Read the full article
Mosaic appoints Karen Reilly and David Barr to lead environmental liability sector
10th January 2025
Specialty insurer Mosaic Insurance has announced the appointments of Karen Reilly as Head of US, Environmental Liability, and David Barr as Head of International, Environmental Liability. Reilly and Barr will focus on developing innovative products to address emerging environmental risks while helping clients navigate an increasingly complex regulatory landscape. Their goals ... Read the full article
Asbestos and environmental losses holding steady: AM Best
21st November 2024
A recent report by AM Best maintains its estimate of ultimate net asbestos losses at $100 billion and environmental losses at $46 billion, based on year-end 2023 data. AM Best observed that while incurred losses rose slightly in 2023, paid losses decreased significantly. The industry has now funded 96% of its ... Read the full article
HDI expands Environmental Liability Insurance globally
13th November 2024
HDI Global, a corporate and specialty insurer, is expanding its Environmental Liability Insurance to the international market adding Social and Governance coverage, addressing the growing concerns around evolving risk contexts and increasing regulatory pressures. Responding to an evolving risk landscape due to increased regulatory pressures and ESG risk development, HDI Global ... Read the full article
ESG and democratisation driving greater transparency in private market space: Napoli, Clearwater
7th August 2024
Net zero target initiatives are driving increased interest in ESG, which, combined with the democratisation of the private market space in general, is leading to broader transparency efforts in the private credit segment, according to Jon Napoli, Solutions Consultant, Clearwater Analytics. In an interview with Reinsurance News, Napoli discussed shifting market ... Read the full article
Todd LaBandt named SVP of Environmental Insurance at Hamilton Americas
18th July 2024
Hamilton Global Specialty, an underwriting platform of Hamilton Insurance Group, has announced the appointment of Todd LaBandt as Senior Vice President (SVP) of Environmental Insurance at Hamilton Americas, its US managing agency. In his new role, LaBandt will report directly to Pepe Marquez, President of Hamilton Americas. Adrian Daws, CEO of Hamilton ... Read the full article
CFC launches Carbon Cancellation Insurance
13th June 2024
CFC, a specialist insurance provider in emerging risks and cyber insurance, has launched its second insurance product for buyers of voluntary carbon credits. The new Carbon Cancellation Insurance safeguards against financial and management risks if purchased carbon credits are cancelled or invalidated due to political risks such as regulatory changes or ... Read the full article
Ascot expands its Environmental insurance portfolio with new offering
10th October 2023
Global specialty insurance firm Ascot, has expanded its environmental offering with the launch of Prime PREMIER, a new fixed-site pollution product designed for clients focused on real estate, manufacturing, distribution, warehousing, industrial and development. Prime PREMIER was named for Protecting Real Estate, Manufacturing, and Industry from Environmental Risk. According to the announcement, ... Read the full article
Vantage introduces policy for environmental risks
27th September 2023
Vantage Group Holdings Ltd. has announced the extension of its Contractors Pollution Liability (CPL) and professional liability offerings to Environmental Contractors and Consultants. According to the announcement, this pollution and professional liability policies for environmental risks complement the company's expertise and strong portfolio of insurance products for the US construction industry, ... Read the full article
Surge in climate litigation urges insurers to reassess risk portfolios: Gallagher Re
27th September 2023
In a rapidly changing landscape of environmental concerns and legal action, a new report by Gallagher Re sheds light on the escalating wave of climate litigation and its profound implications for the (re)insurance industry. This report highlights key trends and challenges associated with climate change litigation, emphasising the need for insurers ... Read the full article
Malicious attacks on AI systems & “Arctic opening” pegged as key emerging risks
19th June 2023
Swiss Re Institute's 2023 SONAR report has highlighted malicious attacks on artificial intelligence systems and potential clashes over new trading routes in the Arctic as possible threats as the risk landscape continues to burgeon. Swiss Re's 2023 SONAR report covers 17 new risks and trends across technological, economic, social and environmental ... Read the full article
Flood Re launches ‘Be Flood Smart’ campaign in partnership with Environment Agency
22nd May 2023
Flood Re, the joint initiative between the UK government and the insurance industry, has launched the ‘Be Flood Smart’ campaign in partnership with the Environment Agency. Studies have shown homeowners face average costs of £32,000 to fix flood damage as flood risk in the UK grows. 1 in 6 people in ... Read the full article
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