UK urged to accelerate ISSB adoption for stronger climate finance
The UK government has been urged to mandate corporate reporting in accordance with the International Sustainability Standards Board (ISSB) Standards. According to Envrionmental Finance,...
Markel partners with mea to boost underwriting procedure with machine learning
Markel has partnered with mea Platform to enhance underwriting process in international wholesale operations.
Scope 3 emissions pose significant financial risks, warns BCG and CDP report
Most companies and investors are not yet measuring and targeting reductions in Scope 3 value chain emissions, leading to significant overlooked and unreported financial risks in their supply chains, according to a new report released by BCG and environmental disclosure system CDP.
Asset-intensive reinsurer Martello Re secures $935m in equity funding round
Martello Re Limited, an asset-intensive reinsurer, has successfully closed a second round of equity funding, raising $935m from both existing and new shareholders.
Carbon Underwriting launches innovative Syndicate 5757 with Lloyd’s approval
Carbon Underwriting Limited, a specialist and independent managing general underwriter, announces the launch of its second syndicate, Syndicate 5757, following approval from Lloyd’s.
Microinsurance Network appoints Matthew Genazzini as new executive director
The Microinsurance Network (MiN), a non-profit association, has announced the appointment of Matthew Genazzini as its new executive director, effective 1 October 2024. Genazzini, a...
ECB researchers claim that EU banks have already reduced climate risk
The European Central Bank (ECB)’s climate-related supervision has already led to an improvement in banks’ risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.
FRC’s revised stewardship code eases reporting demands
The Financial Reporting Council (FRC) has implemented significant changes to the UK Stewardship Code, aimed at simplifying the reporting process for signatories. According to...
London-based InsurTech Wrisk sees remarkable 219% YoY revenue growth in H1
London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.
HSBC sets sights on sustainable finance with climate-focused infrastructure unit
HSBC has announced the creation of the HSBC Infrastructure Finance (HIF), a new division focusing on climate-aligned infrastructure and project financing. According to ESG News,...
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