Sustainability
California warned of $2trn wildfire coverage gap
State regulations blamed for hindering insurers’ ability to properly price insurance cover in California and pass on the burden of rising reinsurance costs
The Los Angeles wildfires raise three critical modelling questions
To ensure wildfire models remain relevant and robust in this fast-evolving risk landscape, insurers, reinsurers and risk managers must critically evaluate the models they use
Captives can help drive climate finance: WTW’s Hamm
WTW’s head of catastrophe and climate risk management describes how captive insurance companies could play a key role in climate finance
CFC becomes approved provider for UN-backed carbon credit scheme
By providing cover CFC will also be supporting the eligibility of carbon capture project under the scheme
Q3 catastrophe losses well below average amid ‘lucky’ hurricane season
Insured losses come in at less than $15bn for the quarter thanks to lack of hurricanes as year-to-date losses fall below average, according to Gallagher Re
Green transition ‘requires more sophisticated insurance products’
Investment in transition technologies requires a combination of specialist financial lines insurance and more traditional covers, Tokio Marine GX chair, Fraser McLachlan, says
Geopolitical volatility enters top 10 global risks for first time
Executives increasingly view trade tensions and shifting alliances as critical threats, with most businesses still underprepared to manage the fallout, Aon survey finds
Aon unveils new transition risk tool
Service collates hard-to-find data to help clients deal with decarbonisation
Insurer pressure not driving climate adaptation
Three-fifths say they spend enough on climate mitigation
Everest Re targets renewable energy growth
Reinsurer's global specialty division is seeking to tap into growth opportunities arising from the net-zero transition
Lloyd’s Lab ‘critical’ for MGA Kita’s success
Lloyd’s Lab offers unique access to insurance professionals that other incubators cannot provide – and office space at an iconic address, Kita’s chief technology officer says
Mapfre invests in parametric insurer Blue Marble
Spanish insurance giant become sixth member of insurtech's investment consortium
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