Renewables

The panelists discussed the ILS reset and the path to maintaining discipline in this sector.

The peril can no longer be considered secondary, according to Gallagher Re.

The business will service clients in the agriculture, renewable energy and construction industries.

At this week's Bermuda Climate Summit, speakers heralded the Island's future as a centre of excellence for climate-related innovation and risk transfer.

Guy Carpenter was the sole placing broker sourcing capacity for the tie-up.

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.

The price for risk carrying is no longer insufficient, Munich Re's CEO said in a Monte Carlo briefing.

The carrier said geopolitical factors had given “new urgency” to the green transition.

ABIR reported that Bermudians posted a total loss ratio of 69.9% and a combined ratio of 100.1% last year.

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

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

The firm’s goal is to raise its own capital and partner with others.