Category: Environment
Insurers targeted across London as activists amplify voice against oil and gas projects
Insurers have been targeted across London as climate activists increase the pressure on them to cancel cover for oil and gas projects such as the East [...]
ATIDI, Kenya sign MOU to advance renewable energy projects
The government of Kenya and ATIDI, the African Trade Insurance Agency, have signed a Regional Liquidity Support Facility Memorandum of U [...]
ARC Ltd agrees deal with US government to expand access to parametric insurance across Africa
African Risk Capacity Limited (ARC Ltd) has agreed a landmark US$11.7m partnership with the US government, to help expand access to parametric insuran [...]
Africa’s large asset managers up the ante on responsible investing, sustainability
Responsible investing is one of six major local and global asset management themes that South Africa’s large asset managers are keeping an eye on this [...]
Data drives Africa’s response to flood catastrophe, as climate-related losses soar
Drought and flood will dominate Africa’s natural catastrophe landscape, especially as the so-called El Niño weather phenomena gathers strength into 20 [...]
Moody’s warns insurers of implications of hotter summers
In the scorching summer of 2023, global temperatures reached unprecedented highs, marking the hottest period on Earth since world-wide observations be [...]
Second broker, WTW, warns of global uninsured loss records being broken
Global insured losses exceeded US$100 billion for the fourth consecutive year but the more concerning figure was the total economic loss surpassing US [...]
Natural disasters cost a record US$380 billion, warns Aon
The 398 global natural disasters in 2023 cost a record US$380 billion, 22 per cent above the 21st century average.
According to broker AON in its 2 [...]
South African insurer agrees flood mapping deal
South African non-life insurer Old Mutual Insure has agreed a partnership with UK-based flood science specialist JBA Risk Management for use of its de [...]
The uncomfortable realities of net-zero and Africa’s energy transition
The requirement to deliver environmental and social impact through investing is forcing allocators of capital – including asset managers, banks, insur [...]