ESG

Gallagher Re is now lead and sole broker for ARC, the Caribbean Catastrophe Risk Insurance Facility SPC (CCRIF SPC) and the Pacific Catastrophe Risk Insurance Company (PCRIC).

Lloyd’s has launched a fund on its new investment platform to enable the market to invest globally in assets themed around climate adaptation, mitigation and social inclusion.

Nigel Hanbury, who has been CEO since 2012, will move into the role of executive deputy chairman.

The managing director had spent eight years at Aspen before joining the ESG start-up.

The sub-syndicate will complement Hiscox’s existing portfolio, offering additional capacity to qualifying clients.

The philosophy of the Pioneer Cat Bond Fund is to avoid poor performers, not pick winners.

The products are designed to protect against instances of purchased carbon credits failing to materialise.

The non-profit initiative will broaden to include cyber and casualty after successful tests on property reinsurance placements.

The parametrics pioneer said Ardonagh would bring additional capacity to clients with new solutions.

The sidecar takes a 25% quota share of CCR’s worldwide property cat book.

Ibarra joins the climate risk-focused platform after more than six years as CEO of Global Parametrics, a London-based InsurTech.

Potential rotation of the investor base, along with continuing evolution in ESG and non-cat products, are set to be themes for the upcoming year.