French state-backed (re)insurer CCR has reported net income on a stand-alone basis of EUR67m ($74m) for 2022, about half of the EUR134m reported in 2021.
The Insure Our Future network has asked the CEOs of 30 major insurance companies to stop offering insurance services for fossil fuels.
Vessels are exposed to higher fire risks caused by many issues including increased shipments of highly combustible lithium batteries. However, vessels may lack adequate firefighting resources and this could lead to severe damage and losses.
Following the appointment of Mr Sergio Ermotti as the new CEO of UBS and in light of the upcoming AGM of Swiss Re on 12 April 2023, the reinsurer's board has decided on the course of action to conduct the transition process.
Most of SMEs in Singapore are not supplementing their digitalisation strategies with adequate protection measures nor tapping into the support available to them according to a new survey conducted by QBE Singapore.
Chubb has announced new underwriting criteria for oil and gas extraction projects that will require clients to reduce methane emissions. Methane is a by-product of oil and gas production and is one of the most severe greenhouse gases.
Increasing ESG risks are likely to result in a spike of claims against directors and drive further increases in insurance costs according to a new report by Mactavish.
Companies are lagging in tracking supply chain emissions and risk missing forthcoming regulations on nature according to the global non-profit disclosure platform CDP.
Insurers in UK are expected to pay £219m ($268m) in subsidence claims made in 2022, many of which were caused by 2022 summer's record-breaking high temperatures. This would be the highest expected insurance subsidence bill since 2006.
A new report released by AXA XL focuses on the impact of three types of water risks across seven sectors and provides five recommendations for businesses to manage their major water-related risks.