ESG
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The decision is the carrier’s latest step in its ambition to transition to a low-carbon economy. -
Human rights groups have issued a complaint to a US mediation body alleging that Marsh has violated OECD guidelines for corporate standards.
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The insurance industry must use its extensive risk management expertise to mitigate the risks of climate change, the chair says.
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The company has also employed Margaret Peloso as global climate officer.
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Several structural factors, including the pricing cycle, make insurers more insulated from US activist states.
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The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.
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The project, funded by Agence Française de Développement, was revealed during the G20 Leaders’ Summit in Bali.
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Marsh McLennan is mobilising the insurance industry to support the UN’s Race to Resilience initiative, starting by featuring 17 climate adaptation projects.
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The broker warned that more insurers will restrict or drop oil and gas business in the coming years.
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The Federal Insurance Office seeks to collect underwriting data on homeowners’ insurance from carriers writing above $100mn in premium.
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The transport sector has the largest investment gap, needing an estimated $114tn to build greener infrastructure.
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The tool scores (re)insurers’ books on a scale of one to five on how well they serve communities.
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