ESG
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Increasing cat losses, combined with social inflation, put ESG and climate change at top of the mind even as the market sees strong growth, says Guy Carpenter’s John Trace.
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The executive said such a move would result in the business being written elsewhere.
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A watertight ESG strategy would be focused around paying more tax, approving more claims and pro bono advisory work from the brokers at scale.
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The broker warned that the risk of a systemic cyber loss “is beginning to feel more like an inevitability.”
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In the months leading up to (Re)Connect and the wider conference season, the discussion around climate and ESG has become noticeably more urgent.
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The US Treasury’s Federal Insurance Office is requesting information on climate-related financial risks within the insurance industry.
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Lloyd’s report details how the Corporation will support carriers and their clients across the main themes of greener energy, industry and transport.
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The RAA pushes plan to use public, private dollars to shore up communities most at risk from climate-related disasters.
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The insurer has published its first-ever ESG report, detailing diversity and equality initiatives, along with pledges to cut carbon emissions.
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