ESG

The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.

Industry experts told Trading Risk why underwriting guidelines and trust in counterparty management teams are essential.

More public-private partnerships should be a priority for governments and businesses.

Bosnia & Herzegovina saw a 246% increase in the amount of land burnt in the past year.

Collaboration should help protect against greenwashing fears but the industry should start with leaving behind the issue of the sector’s “inherent ESG” appeal.

The group, comprising Credit Suisse ILS, LGT ILS, Plenum, Schroders, Solidum and Twelve, are engaging with brokers to establish a standardised reporting framework for cedants.

Responsible investing in ILS requires “look-through data transparency”, the association says.

A BDA report found that more than 30% of Bermudian carriers have integrated ESG into underwriting.

Ahead of a market message on 2023 business plans, Lloyd’s has set out early expectations on inflation, ESG and management of cat volatility.

Beazley’s own in-house ESG goals were put under as much scrutiny by its third-party capital providers as its underwriting strategies when the insurer launched ESG-focused Syndicate 4321 at the start of this year.

ESG products can provide sustainable returns, panellists suggested.

The former AlphaCat and Aspen executives have teamed up to bring an ESG focus to a new independent ILS platform.