sustainable investment

RenaissanceRe, the Bermuda headquartered reinsurance firm with a significant third-party ILS capital management unit, is partnering with Moody’s Analytics to benchmark the environmental impact of risks within its treaty reinsurance portfolios.

Speaking with Artemis in a recent video interview, Jorge Familiar, Vice President and Treasurer of the World Bank explained that client country demand for catastrophe bonds and risk management arrangements will likely rise, while he also expects that markets will be there to support these issuances.

Twelve Capital, the insurance, reinsurance, catastrophe bond and insurance-linked securities (ILS) focused investment manager, has highlighted the importance of impact grading and ESG scoring, while finding in a study that the top-rated companies tend to outperform those that score more poorly.

Hiscox has announced the launch of a new environmental, social and goverance (ESG) focused underwriting syndicate at Lloyd’s, for which it will look to partner with third-party capital partners in time.

Italian and global insurance giant Assicurazioni Generali S.p.A. has disclosed that the capital freed up by its first green catastrophe bond issuance, the €200 million Lion III Re DAC transaction, was allocated to refinance a green asset and this helped avoid greenhouse gas emissions.

According to international broking group Howden and specialty insurance and reinsurance firm Fidelis, writing business for higher ESG rated counterparties tends to lead to better underwriting performance.

The third session at our Artemis London 2022 conference on September 6th featured a panel discussion titled “ESG in the cat bond market. Where next?”, in which participants discussed progress on environmental, social and governance issues in the catastrophe bond marketplace.

Starting with a blank canvas allows for an insurance-linked securities (ILS) investment management business to be constructed with sustainability and ESG at its core, Paschal Brooks, co-founder of newly launched Sustain ILS Management told Artemis.

Sustain ILS Management has been launched by two well-known industry executives, as a new independent insurance-linked securities (ILS) investment manager with a focus on sustainability and environmental, social, governance (ESG) opportunities within ILS and reinsurance.

Schroders Capital has been chosen to manage a EUR 100 million portfolio composed of impact-focused investments in private equity, sustainable infrastructure, and climate insurance, for German insurance carrier Barmenia.