Tag: Feature
Client Earth loses climate change liability case against Shell
Client Earth has lost its case against Shell in the UK courts after arguing that Shell’s directors were personally liable for failing to move away fro [...]
WTW launches D&O solution
Broker WTW has launched A Star, a cutting-edge excess layer directors’ and officers’ (D&O) insurance solution.
The new facility provides stream [...]
Strengthening climate resilience ‒ the imperative of an insurance-based approach
As the world grapples with the escalating impacts of climate change, the need for robust strategies to enhance climate resilience has become more pres [...]
Kenya’s low flood insurance penetration exposes economy to significant financial risks
Kenya’s economy took a knock of as much as 5.5% of the value of its economy due to floods, pointing to the steep price of the low flood insurance pene [...]
Geopolitical competition and extreme climate events fuelling risks and volatility into 2024, says Dragonfly
Geopolitical competition, alongside extreme climatic events, will almost certainly remain the major sources of risk and volatility in 2024, warns secu [...]
AM Best affirms Zep Re financial strength at B++
Zep Re has been upgraded on its long-term issuer credit rating (long-term ICR) to “bbb+” (Good) from “bbb” (Good) and had its financial strength ratin [...]
Climate activists “name and shame” insurers for not doing enough to reduce fossil fuel cover
Climate activists have launched their latest insurance scorecard, claiming that 50 years after the insurance industry first warned about the impact of [...]
More than 300 million worldwide now have access to microinsurance products, but more still missing out
Sustained growth in the number of people recorded as having a microinsurance product – totalling more than 300 million people up from 102 million in 2 [...]
Lloyd’s to pay £52m in reparation for slave trade
Lloyd’s of London is to pay £52m in reparations for insuring the slave trade, announcing details of “Inclusive Futures: a comprehensive programme of i [...]
Global marine premiums up 8.3% in 2022, says IUMI
Global marine premiums rose 8.3% in 2022, according to the International Union of Marine Insurance (IUMI).
Releasing its 2023 analysis of the globa [...]