ESG

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.

Australia and Florida buyers faced capacity problems as inflation drives up pricing.

The new recruit has worked for Argo, Allianz and the European Space Agency.

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

The Bermuda-based InsurTech will deploy a combination of its own and rated paper capital.

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

The commercial insurance CEO said that the industry should act now before the cat market reached a point of implosion.

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.

Profits slipped by 3% at the carrier in Q1, driven by floods in Australia, which added to the highest Q1 cat claims in over a decade.

ESG products can provide sustainable returns, panellists suggested.