Australian insurance giant AIG has joined a taskforce established by The Geneva Association to develop and hone climate risk assessment methodologies and tools for the insurance industry.
Aon in a new collaboration with risk analytics company Praedicat, will develop a range of specialist liability reinsurance solutions to address product liability risks including nanomaterials and 5G.
Insurance brokers should recognise the reputational risks they face and tackle these issues head-on, according to the latest report of the Society of Insurance Broking (SIB).
Aviva has announced its plan to become a net zero carbon emissions company by 2040. This is the most demanding target of any major insurance company in the world today.
Major US insurance companies still have nearly $90bn invested in coal, which is the single biggest contributor to anthropogenic climate change according to a new research report released by Rainforest Action Network in February 2021.
The UN Environment Programme (UNEP) has issued a market-first practical toolkit for financial institutions to pivot their activities towards financing a sustainable blue economy.
During this year's January renewals, global property and casualty reinsurance rate increases were good but came up short of a hard market, and expectations remain high for the rest of the year, according to S&P Global Ratings.
Singapore's sovereign wealth fund GIC and the international private equity firm Cinven have completed the acquisition of global specialist insurance and (re)insurance broker, Miller, from Willis Towers Watson, according to a statement issued yesterday.
The German-headquartered reinsurance group Munich Re closed the year 2020 with a profit of EUR1.2bn ($1.46bn) despite the year being marked by high losses due to the COVID-19 pandemic.
French global insurer AXA announced yesterday that its underlying earnings decreased by 34% to EUR4.3bn ($5.2bn), notably hit by COVID-19 related claims and by higher natural catastrophes.