ESG

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.

Cat losses have highlighted the importance of modelling for secondary perils, but there is room for optimism in the industry, panellists said at Trading Risk’s London ILS event.

Lloyd’s chief of markets Patrick Tiernan ruled out completely cutting out sources of energy relied on by certain communities.

Schroders Capital ILS chairman Dirk Lohmann said the shift could be due to yield compression in the bond market.

The Willis solution is designed to help companies access insurance as they transition to a low-carbon business model.

Increasing workforce diversity may be an easier goal than closing the widening protection gap.

The trust will invest at least 80% of its total assets in securities that, in the advisor’s assessment, meet a specified ESG criteria.

Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport.

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

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