ESG

A new report sets out how to scale insurance and capital for environmental protection projects, for a sector estimated to reach $50bn in size by 2030.

Business plans submitted for 2022 have set the market on track to generate a sub-95% combined ratio next year.

The award-winning Danish Red Cross-sponsored deal has made its stock exchange debut.

The facility is linked to the ESG rating of Ki’s Funds at Lloyd’s and builds on investment guidelines the business has established for third parties.

Local officials have warned that the cost of rebuilding in British Columbia could exceed C$1bn ($790m).

Record rainfall has caused floods and landslides across the Canadian province of British Columbia, leading to at least one death and cutting all rail access to the country’s largest port in Vancouver, according to Reuters.

The COP26 climate talks in Glasgow represent progress towards a necessary reduction in carbon emissions “but not victory”, with concerns remaining that pledges do not go far enough, according to Swiss Re.

The cross-industry Insurance Task Force (ITF) working with Lloyd’s has launched a Disaster Resilience Framework for Climate-Vulnerable Countries, as part of its activities for the Prince of Wales’ Sustainable Markets Initiative (SMI).

Twelve Capital has promoted two executives to the new roles of co-managing partners to take on day-to-day management at the firm and head its group management committee.

The broker said that weather-related losses had become more severe in the past decade because of climate change.

Financial authorities must ‘massively expand’ risk-sharing pools.

The fund’s high risk, high return strategy will aim to replicate performance of the cat bond market.