Climate change
Benign weather coming to an end as insurers face up to climate change impact
Insurers have been told to brace themselves for similar losses to those experienced in the aftermath of the 2007 and 2013 floods as benign weather conditions subside and the impact of climate change increases over the coming years.
Climate Wise CEOs call for more action to slow climate change
The leaders of 15 Climate Wise members have written to the governor of the Bank of England Mark Carney and the Prudential Regulation Authority for more collective action to reduce the risk of climate change impacting society and, ultimately, the…
Carney warns of climate change threat to insurers
Speaking at the annual Lloyd's of London dinner last night, Mark Carney, the governor of the Bank of England warned about the troubling financial implications of a changing climate for insurers.
Government to 'encourage' insurers to join nuclear market
The government plans to encourage more insurers to enter the nuclear insurance market, to ensure there is sufficient capacity for planned nuclear power stations in the UK, the parliamentary under-secretary for climate change said this week.
Europe: Energy supply disruption presents a key global risk
Today's global economic integration offers multinational businesses cheaper sources of supply and attractive new markets, yet at the same time it exposes companies' operations and supply chains to a widening range of global risks.
Lloyd's issues stark El Nino food supply warning
Lloyd's has commissioned research which shows the potential huge impact an El Nino year could have on the world's food supplies.
Zurich's CEO joins $12trn investors to urge G7 climate pledges
Martin Senn, Zurich's global CEO, has signed a letter with some of the world's leading investors calling for urgent action on climate change.
Axa to divest €500m of coal assets by end of 2015
Henri de Castries, the global CEO of Axa, has announced the insurer will sell €500m of its holdings in coal companies over climate change concerns.
Climate change effects will be ‘alarming', insurers told
The insurance industry has been warned about the "alarming" effects of global climate change will have on their business.
Insurers lead calls for limit to harmful emissions
A group of insurers, environmental specialists and academics have called on world leaders to agree a plan to limit global average temperature increases.
Q&A: Allianz Asia-Pacific CEO
Post speaks to Allianz's Asia-Pacific regional CEO George Sartorel.
Climate: How does climate change cause food insecurity and conflict?
As weather patterns change and temperatures rise, issues such as climate-induced food insecurity are destined to become an increasingly important driver of conflict and social unrest
C-suite - Broker: A bright new age for forecasting
A new Met Office supercomputer could provide more accurate models for insurers
Europe C-Suite: Infrastructure investment - if the yield is right
Investing in infrastructure projects such as transport and energy could represent new opportunities for insurers keen to diversify
LMA to offer climate change seminar for CEOs
The Lloyd's Market Association's educational arm has launched a leadership programme with the University of Cambridge to explore the implications of climate change for the insurance industry.
Industry welcomes PRA survey on ‘real threat’ of climate change risk
Insurers lack understanding of climate change’s implications for investments
EAIC 2014: Marry modelling with gut instinct over climate change, says Benedicto
Philippines-based Dr Pedro Benedicto, president, Republic Surety and Insurance, argued today that climate change modelling is not enough to try and foresee future trends.
EAIC 2014: Climate change risk "manageable", says Aon Benfield
Dr Stephen Mildenhall, global CEO of analytics, Aon Benfield suggests there is enough capital for insurers and reinsurers to cope with climate change.
AA criticises climate change report findings on 'insufficient' flood defences
AA Insurance has called a Committee on Climate Change report suggesting flood defence investment in UK urban areas is insufficient "disappointing".
Regulator writes to UK insurers over climate change risk
The Bank of England's Prudential Regulation Authority has written to around 30 UK life and general insurers to try and assess their risk from climate change.
Insurers pledge £51bn in green investment before 2016
The insurance industry has promised to double funding for green or “climate-smart” investments, pledging a rise from $42bn to $84bn (£51bn) by the end of next year.
Reinsurers urged to work with governments to improve disaster resilience
Rising losses in the wake of natural catastrophes is increasing economic instability in many developing and emerging economies, according to a report by Standard & Poor’s.
Europe: Climate change modelling
The question of whether climate change is driving an increase in the severity of weather events is a key concern for insurers. How can modelling systems keep up?
Prince Charles issues rallying cry on climate change
The Prince of Wales has called on insurers and other financial services groups to join the debate on resilience and climate change ahead of the renewal of the Hyogo Protocol on disaster risk next year.