Energy
SMEs focus on economic concerns as climate change fails to make priority list
Aviva’s third annual risk report has found that SMEs remain unconcerned with climate change, as economic turmoil continues to dominate.
Acrisure acquires Affinity; Aviva enters offshore wind market; Consilium appoints second CEO
Friday Round Up: Insurance Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Pen invests in regional claims hub; Bikmo and Particle partner; Hedron Network appoints CEO from GRP
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Climate activists deliver festive gifts to Lloyd’s headquarters
As part of action which saw insurers receive ‘good’ and ‘naughty’ gifts reflecting their response to climate change, climate group Mothers Rise Up has today delivered a Christmas stocking full of fake coal outside Lloyd’s of London HQ.
Endsleigh partners with Pattern; Ardonagh acquires MDS & Biba appoints deputy chair from Aon
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
RSA quickens the pace of race to net-zero
RSA has launched a low-carbon underwriting policy and committed to achieving an underwriting portfolio for energy production that is over 75% low carbon by 2030.
Offshore wind scale-up presents challenges for underwriters
The accelerating scale-up of global offshore wind projects presents challenges for insurers seeking to stay abreast of supply chains and new technologies, underwriters have said.
WTW partners with Liberty and Markel; MS Amlin's 3-year sustainability plan; Novidea appoints head of UK delivery
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Stubben Edge and Helodrium join forces; Specialty MGA UK launches in London; PIB appoints group CFO
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Jensten buys Ravenhall; Six leave Ed for Consilium; HF moves to Media City
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Insurers defend approach to transitioning businesses following Ferma criticism
Insurers have defended their approach to providing cover to companies undertaking Net Zero transitions following criticism from the Federation of European Risk Management Associations.
Campaigners call on insurers not to cover expansion of one of the world's biggest gas projects
Reclaim Finance has called for insurers of the Ichthys liquified natural gas project not to renew the coverage.
Acrisure acquires CRK; Sian Fisher's next move; Premium Credit hire personal lines and e-trade director
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Energy price cap a lifeline for businesses but more details needed
With some businesses still recovering from Covid-19 pandemic, and now facing a new hit in the form of an energy price hike, the number of viable businesses taking out insurance could fall, but energy cap announced by Prime Minister Liz Truss could be a…
Interview: Ken Norgrove, RSA
Harry Curtis spoke to Ken Norgrove, RSA UK and international CEO, about life after being acquired by Intact, winning over brokers and the insurer’s technology overhaul.
EY predicts motor NCR of 113.8% in 2022; Geo buys Lorega; Konsileo secures Series A funding; and ex-Fresh trio launch new broker
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Aviva reports 13% spike in fraud; Accredited hails £2bn Policy Expert deal; Urban Jungle to recruit 100; and PRA warns insurers of ‘significant headwinds’ over climate change
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
Lloyd’s HQ closed for day as Extinction Rebellion blocks entrances
Lloyd’s has closed its headquarters for the day as protesters from Extinction Rebellion blocked entrances into the building.
Revolut in Allianz tie-up; AUB confirms Tysers talks; QBE poses resilience challenge; and Rear’s SPAC Financials Acquisition Corp to raise £150m via listing
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
AIG, Axa and RSA lead underwriter recruitment; Allianz partners with Solar Energy UK; North P&I and Standard Club to merge; and first non-London syndicate-in-a-box-launched
For the record: Post wraps up the major insurance deals, launches, investments and strategic moves of the week.
ESG Blog: On the trail of green regulation and reporting
With the new rules expected to come into force in 2022, which will make ESG reporting compulsory for big companies, Allianz's head of strategy and propositions Glen Clarke, considers what companies will need to do to account not just for their own…
ESG Exchange Q&A: Minyoung Shin, The Sunrise Project
Minyoung Shin, sustainable finance advisor at The Sunrise Project spoke to Post about the responsibility the insurance sector has in reducing its contribution to climate change, environmental, social and governance policies, and encouraging insurance…
ESG Blog: How should insurers decarbonise their portfolios in 2022?
Christophe Herpet, deputy head of fixed income, and Laurent Clavel, head of Axa IM Quant Lab, Axa Investment Managers, mull what insurers should expect as they decarbonise their portfolios.
From ‘laggard’ to ‘leader’ as AIG commits to stop supporting fossil fuel expansion
Campaigners said AIG has vaulted itself from “laggard” to leader in the US as it committed to no longer invest or underwrite new coal-fired power plants, thermal coal mines or oil sands.