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Standardisation of ESG metrics key for re/insurance industry to drive change: Chaucer
30th January 2024
The standardisation of environmental, social, and corporate governance (ESG) metrics across the re/insurance industry is key, as it would help insurers to make more informed decisions, according to Chaucer analysts. An industry-wide standard would further improve the quality of ESG disclosures by insured, experts also highlighted at the re/insurer’s Sustainability Forum ... Read the full article
Generali places sixth and seventh green bonds
18th January 2024
Italian insurer Generali has successfully concluded the placement of its sixth and seventh green bonds, two new Euro denominated senior bonds due respectively in January 2029 and in January 2034. Following this transaction, the insurer has issued a total of eight bonds with environmental, social, and corporate governance (ESG) features, ... Read the full article
Korean Re achieves ESG rating of A from KCGS
2nd January 2024
Seoul-based reinsurer Korean Re has obtained an ESG integrated rating of A (Outstanding) in the 2023 ESG evaluation conducted by the Korea Institute of Corporate Governance and Sustainability (KCGS). This rating marks a major improvement from the previous year's B+ rating (Good). In this year’s evaluation, Korean Re obtained A ratings in ... Read the full article
MSCI ESG recognises Generali as leader in sustainability
13th December 2023
MSCI, the index that measures companies' resilience to ESG risks, recognises Generali’s sustainability leadership as it confirms the Italian insurer’s "AAA" ESG rating. The MSCI analysis, involving more than 8,500 companies, has once again assigned Generali the highest possible score, which the Group also received in 2022. MSCI's assessment highlights the insurer’s ... Read the full article
Insurance Europe and PensionsEurope urge inclusion of ESG data in commission’s regulation
24th November 2023
Insurance Europe and PensionsEurope have jointly expressed their support for the European Commission's proposed ESG (environmental, social, and governance) Rating Regulation while calling for further enhancements to ensure transparency, comparability, and integrity within the ESG landscape. The associations welcome the regulation's potential to improve the transparency of ESG ratings, enhance the ... Read the full article
G20 business leaders prioritise economic and societal risks: World Economic Forum
14th November 2023
In a recent survey conducted by the World Economic Forum, economic and societal threats have taken center stage as the primary concerns for business leaders in G20 countries over the next two years. The Executive Opinion Survey gathered insights from more than 11,000 business leaders across 110 countries between April and ... Read the full article
Ping An uses insurance as catalyst for conservation, ESG investment
23rd October 2023
Ping An Insurance (Group) Company of China, Ltd. has noted it continues to make strides in the realm of environmental conservation and ESG (Environmental, Social, and Governance) investment by utilising insurance as a catalyst for change. In a groundbreaking move, the company established the Ping An Biodiversity and Environmental Conservation Charitable ... Read the full article
ICMR calls for holistic approach to ESG at Lloyd’s
11th October 2023
Analysis by Insurance Capital Markets Research’s (ICMR) highlights the need for a holistic approach to environmental, social, and corporate governance (ESG) within the Lloyd's insurance and reinsurance marketplace. ICMR notes that while there's a lot of activity around ESG within Lloyd's, including the LMA's recently launched ESG academy, much of the ... Read the full article
LMA announces the launch of its ESG Academy
20th September 2023
The Lloyd’s Market Association (LMA) has announced the launch of its Environmental, Social and Governance (ESG) Academy, designed for professionals within the Lloyd's market and the global re/insurance sector. With a comprehensive range of courses and resources, the Academy looks to equip professionals with the knowledge and tools necessary to navigate ... Read the full article
Technology key to ESG reporting in business: Ping An Co-CEO
14th August 2023
On a recent podcast of the United Nations Environment Programme Finance Initiative, Jessica Tan, Co-CEO of Ping An Insurance Company of China, discussed how technology is a key enabler for robust environmental, social and governance (ESG) reporting in business. "Simply put, (ESG) is important for our clients, and it's important, therefore, ... Read the full article
WTW launches Climate Vista to “bridge climate skills gap in the boardroom”
26th July 2023
Global advisory and broking company WTW has announced the launch of Climate Vista, a new engagement tool designed to help company boards and senior management better understand their exposure to ESG and climate-related risks and opportunities. According to a recent survey conducted by WTW and the Nasdaq Center for Board Excellence, ... Read the full article
Texas bill looks to stop insurers from utilising ESG criteria
23rd June 2023
A report in The Texas Tribune notes that insurers in the state can no longer account for environmental, social or governance criteria when setting rates for most forms of insurance following the passing a bill by the Legislature in May. Senate Bill 833 has no penalties and allows companies to consider ... Read the full article
AXA and Capco partner on climate-related risk management and reporting solution
9th June 2023
AXA Hong Kong and Macau, part of global insurance group AXA, has entered into a strategic partnership with technology and management consultancy firm, Capco, to enhance data-driven climate risk assessment and reporting. The new collaboration brings together AXA's proprietary climate risk models with Capco's climate consulting expertise for risk assessment, in ... Read the full article
US insurance companies fail proxy season’s climate test: Insure Our Future
7th June 2023
U.S insurance companies Chubb, The Hartford, and Travelers and their largest shareholders failed this proxy season’s climate test, according to pressure group Insure Our Future. Concerned investors filed resolutions to address the climate and human rights-related risks associated with insurers’ underwriting, but none received majority support. At their annual general meetings ... Read the full article
AXA XL NA and NIP Group launch new green endorsements for contractors and growers
2nd June 2023
NIP Group, a business insurance and risk management intermediary, and AXA XL's North America (NA) Programs have announced two new green endorsements available as part of their specialised insurance programs for contractors and growers. The new endorsements, one for auto policies and one for inland marine, aim to encourage customers to ... Read the full article
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