ESG

The follow-on Lloyd’s syndicate posted a profitable combined ratio of 98% in 2021.

He will work with investors and sit on Leadenhall’s ESG Committee.

Resilience bonds attempted to link up financial goals that proved to be too mismatched.

Many investors are in a “hold and assess” pattern on ILS, but some changes in the broader landscape could be more positive for the industry.

There are two strands to the investor response to ILS climate-change issues, the consultant said.

Investors are increasingly concerned about legislative changes and climate change, but there are drivers for optimism, the consultant said.

Total issuance during 2021 beat the previous annual peak of £11bn in 2020, according to an Aon note marking the cat bond sector’s 25th anniversary.

Another pandemic outbreak came in fourth place, with 22% of respondents saying they were worried about further health and workforce issues and movement restrictions in 2022.

The regulator is also reviewing Solvency II post-Brexit.

He will replace Jonathan Malawer, who held the position for fourteen years and has left to join a new firm focussed on climate risk investments.

ESG, non-catastrophe and rebuilding after personnel changes will be among the themes of the year.

Personnel turnover and ongoing redevelopment into new areas were the notable themes of the past 12 months.