ESG

There were new hires at Mt Logan, AlphaCat and Howden Bermuda.

The top 21 reinsurers were rated positive on just 9% of factors overall.

The new material provides frameworks for discussing ESG and aligning objectives.

Re-allocation of capital rather than true growth seems to be a more likely outcome for the sector in the near term.

Demand for climate-related solutions is ‘trickling up’ from clients and insurers to the ILS market .

The speciality insurer is also providing multi-year capacity and paper to the climate risk shop.

Howden said passing risks onto governments would degrade the value of the insurance industry.

S&P suggested that an “abrupt rethinking” was a more likely outcome than gradual pricing increases – but a third way is possible if ratings agencies set a glidepath to change.

Syndicate 4321 will operate as a consortium led by Syndicates 623 and 2623, providing capacity for companies that meet ESG criteria.

Discussions with industry and in-country partners have so far foregrounded parametric solutions.

Investors’ growing focus on ESG factors is sparking questions about how this could affect ILS pricing.

The Durant Re IC deal was the first humanitarian cat bond in the history of the ILS market.