
Sustainability

Renewables upend traditional models: Beazley’s Sheppard
Rapid geographical and technological expansion in the renewables sector is exposing insurers to unfamiliar risks that are reshaping how coverage is structured, Beazley's renewable energy underwriter, Ben Sheppard, argues

Risk, resilience and reinvention: the perils of the global energy transition
Clean energy growth continues, particularly for solar and offshore wind, while global climate risks intensify. Fossil fuel production also continues, raising issues about the need to reduce emissions globally. The insurance industry thus finds itself at the centre of a high-stakes transformation

FM pours resources into risk mitigation with new research facility
Firm’s mutual structure, business model and engineering workforce give it an edge in risk mitigation, mutual's head of London operations, Bill Bradshaw, says

Insurers must offer holistic cover for renewable energy: McLachlan
Serving the $15trn green energy market means dropping the siloed approach to insurance products, Fraser McLachlan, chairman of green transition underwriting business Tokio Marine GX, argues

Swiss Re warns heat waves will hit insurance hard
Extreme heat will result in damage to a variety of infrastructure, set off fires and damage agriculture, reinsurer warns

US severe storm losses mount but so far remain under 2024 totals
Year-to-date severe convective storm losses surpass $27bn following wave of severe weather in May

US severe convective storms pose risk to solar
Severe convective storms are driving record insured losses in the US and posing growing risks to solar farms – innovative mitigation strategies and advanced risk assessments are vital for resilience

Tiernan urged to act against fossil fuel expansion
Campaign group calls on new Lloyd’s chief executive to lead market-wide shift towards sustainable underwriting

Shareholder activists make ripples at insurer AGMs
Insurance company boards have successfully defeated all activist motions on emissions and climate risk

John Neal set to join Aon on September 1
Outgoing Lloyd’s chief executive will be broking giant’s global chief executive of reinsurance and global chair of climate solutions

EU agriculture faces €28bn annual average loss: Howden
Landmark report finds €60bn catastrophe risk to EU agriculture driven by drought, rising to €90bn by 2050, threatening consumer prices, food security and rural economies

Markel faces activist shareholder demands on carbon emissions disclosures
Green Century is seeking support for resolution to require the insurer to disclose greenhouse gas emissions from its underwriting, insuring and investment activities
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