ESG

Local government pensions funds in the UK are partnering up, creating new strategies and may seek diversification.

Founding member Scor has also announced a commitment to phase out the underwriting of coal-fired power plants. 

The reinsurance broker will work in tandem with wider Marsh McLennan companies to provide an integrated service.

ILS managers said that large volumes of new issuances could carry on through the rest of the year.

Just a few months into 2021, the first natural-disaster headlines of the year are already occupying the minds of ILS insurance risk-takers. The snowstorms that brought freezing conditions to Texas will be a challenging event to evaluate for a number of reasons.

The reinsurer is planning to accelerate growth in its insurance business.

As new regulations on climate risk disclosures are developed, insurance industry argues for a measured approach.

The coupon reduced by 50 basis points compared with what was initially marketed to investors.

Sources suggested the ESG credit for using green collateral is overshadowed by longer-term ambitions for underwriting clarity.

The aspiring carrier is already providing risk-transfer deals for carbon offset buyers but plans for its initial underwriting to be focussed in more traditional areas.

The ILS vehicle has support from four key providers and will be launched alongside a broader offering including K&R, fine art and other specialty risks.

The firm claims it will be the world’s first fully sustainable insurer with a unique underwriting approach including ESG criteria.