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insurance

Swiss Re reveals global cost of climate impacts as losses from natural disasters top $275bn

Climate change

Swiss Re reveals global cost of climate impacts as losses from natural disasters top $275bn

Insurer warns industry's insured losses from natural disasters topped $100bn for the second year in a row

clock 22 March 2023 • 3 min read
'A fundamental enabler': Insurer banks £4m of funding for debut carbon removal financing product

Investment

'A fundamental enabler': Insurer banks £4m of funding for debut carbon removal financing product

Kita completes 'highly over-subscribed’ seed funding round ahead of Carbon Purchase Protection Cover launch

clock 22 February 2023 • 2 min read
Climate change and La Niña drive global natural disaster losses to $270bn in 2022

Risk

Climate change and La Niña drive global natural disaster losses to $270bn in 2022

Insurance giant Munich Re tots up the costs of last year’s devastating floods, storms, heatwaves, and droughts

clock 10 January 2023 • 3 min read
'Expanded appetite': Insurance giant Chubb launches global climate business

Risk

'Expanded appetite': Insurance giant Chubb launches global climate business

World's largest publicly-traded property and liability insurance firm debuts new business dedicated to clean tech insurance and climate risk management

clock 05 January 2023 • 2 min read
Study: Legal revamp may be needed to drive CCS roll out

Legislation

Study: Legal revamp may be needed to drive CCS roll out

'Robust' amendments to insurance law and international environmental law needed to allow carbon capture, utilisation and storage projects to advance

clock 29 December 2022 • 2 min read
'Scary numbers': As climate losses mount, how should insurers contend with the existential threat facing the industry?

Risk

'Scary numbers': As climate losses mount, how should insurers contend with the existential threat facing the industry?

Property insurers already count the mounting costs of climate damage in the hundreds of billions, and must take a more active role in combatting the risks, an industry-backed report argues

clock 18 May 2022 • 8 min read
Solvency II: Treasury proposes overhaul of insurance rules in bid to unlock green investment

Investment

Solvency II: Treasury proposes overhaul of insurance rules in bid to unlock green investment

Ministers set out vision for regulatory regime to replace EU's Solvency II rules that could help accelerate progress towards a net zero economy

clock 28 April 2022 • 3 min read
'A strong message': Insurance giant Swiss Re unveils plan to restrict cover for new oil and gas projects

Risk

'A strong message': Insurance giant Swiss Re unveils plan to restrict cover for new oil and gas projects

Swiss firm confirms it will no longer provide insurance for new oil and gas projects unless developers can show they have credible net zero transition plans

clock 18 March 2022 • 3 min read
AIG to end support for new coal, tar sands, and Arctic drilling as it extends net zero goals

Investment

AIG to end support for new coal, tar sands, and Arctic drilling as it extends net zero goals

US insurance giant becomes latest firm to tighten investment policies in bid to deliver on its net zero emission goals

clock 03 March 2022 • 3 min read
Insurance giant Travelers to ditch coal plant underwriting

Investment

Insurance giant Travelers to ditch coal plant underwriting

Insurer also beefs up climate policies on tar sands and wider investments

clock 08 February 2022 • 3 min read
123
Most read
01

For peat's sake: Anger as full government ban on peat-based gardening products deferred until 2030

24 March 2023 • 5 min read
02

Top lawyers vow that they will not help facilitate new fossil fuel projects

24 March 2023 • 4 min read
03

'Everything rests on next week': UK's climate and economic prospects at stake on 'Green Day', Skidmore warns

23 March 2023 • 4 min read
04

Survey: House hunters willing to pay £16,130 extra for homes with green features

24 March 2023 • 2 min read
05

Divestment Day: Pension funds, financial institutions and councils urged to stop investing in climate crisis

24 March 2023 • 4 min read
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