environmental social and governance (ESG) criteria News

Aspen Becomes 17th Insurer to Stop Insuring Canada’s Trans Mountain Pipeline

Lloyd’s of London syndicate Aspen Insurance has decided to cut ties with the existing Trans Mountain pipeline when its current insurance policy expires this summer, according to the climate activist group, Coal Action Network. Aspen joins 16 other insurers that …

People Moves: TigerRisk Taps RenRe’s Everdell to Lead Casualty; HUB Promotes Chandani for Hospitality Specialty; Fidelis Names Brindle as Head of Sustainability

This edition of International People Moves details appointments at two brokers, TigerRisk and Hub International, and the insurer Fidelis. A summary of these new hires follows here. TigerRisk Taps RenRe’s Everdell as Head of Casualty, Global Accounts TigerRisk Partners LLC, …

Australia Should Force Firms to Report Human Rights Abuses in Anti-Slavery Law: Analyst

Australia should force companies to report potential human rights abuses as part of a review of its modern slavery disclosure rules, according to an analyst at a A$16 billion ($12 billion) fund manager who helped draft the current law. That …

New Global Standard Setter for Corporate Sustainability Drafts 1st Guidelines

A new global standard setter for company sustainability reporting set out its first draft guidelines on Thursday [March 31], entering a crowded field as trillions of dollars pour into investments marketed as “green.” The International Sustainability Standards Board (ISSB) published …

European Union Lawmakers Agree to Force Foreign Firms to Comply With ESG Rules

European lawmakers have agreed to force roughly 28,000 foreign subsidiaries to comply with the bloc’s ESG rules, marking a blow to representatives for U.S. corporations who had lobbied for the opposite outcome. In a wide-reaching revamp of the EU’s reporting …

Marsh Launches ESG Risk Rating to Assess Companies’ ESG Performance

Insurance broker Marsh announced the launch of its Environmental, Social, and Governance (ESG) Risk Rating, an assessment tool that can measure an organization’s ESG performance, enabling them to improve their ESG risks, and gain access to additional insurance market capacity. …

Everest Re Group Signs UN Principles for Sustainable Insurance

Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global framework for a sustainable insurance industry developed through partnership between risk management leaders and the United Nations Environment Programme …

Climate Risk Is Top London Market Challenge, IUA Survey Shows

The top challenge currently facing London market insurance companies is climate risk, a new survey by the International Underwriting Association (IUA) has revealed. In a survey of its members, the organization recorded 27% of respondents mentioning climate change and wider …

AllianzGI Creates Unit Focused on Investing in Companies With Measurable ESG Impact

Asset manager Allianz Global Investors, part of German insurer Allianz, said on Wednesday it had set up a new unit focused on “impact” investing in private markets, as part of a sustainable investing drive. AllianzGI, which manages around 647 billion …

Aviva Broadens Sustainable Investments to Include Biodiversity, Human Rights

Leading British asset manager Aviva Investors plans to push boards for greater action on biodiversity and human rights so that companies consider “the whole picture of sustainability.” Alongside climate change, a core focus for most investors, Aviva’s move reflects growing …