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The company will also double its coverage for low-carbon energies by 2025.
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Ahead of a market message on 2023 business plans, Lloyd’s has set out early expectations on inflation, ESG and management of cat volatility.
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Capgemini’s report said insurers needed to embed climate strategies into operating models and fundamentally change data strategy.
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Beazley’s pioneering new Syndicate 4321 uses ESG ratings to provide additional capacity for clients, but it will play a broader, strategic role for the carrier.
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Axa chairs the alliance, while Allianz, Aviva, Generali, Munich Re, Scor, Swiss Re and Zurich are all founding members.
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Lucas Dow said coal companies were seeking government support to establish a mutual insurance system.
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Analysis by the broker trade body estimated the insurance opportunity created by the transition at around $125bn.
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The insurer added that, from July 2023, it would no longer renew contracts for existing projects.
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The commitment includes achieving greenhouse gas neutrality across its global underwriting and investment portfolios.
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The insurer hopes to achieve net-zero in eight countries by 2024 and across the whole group by 2030.
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The (re)insurer aims to fill a gap in the market by providing ESG data for insurers on the private firms they insure.
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The task force will develop "rigorous and robust" measures for tackling greenwashing and support companies with their transition plans, according to the Finance Ministry.