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News round-up: HSBC, ICAPs, Cervest and Bloomin' Brands

HSBC puts $100m into Asia energy transition partnership with WWF and WRI

Green bonds California 2019

The conference discussed a range of themes, including the California wildfires and what is the point of a label. Peter Cripps reports

BMO launches SDG engagement fund

BMO Global Asset Management has launched an equity fund that will actively engage with investee companies、 using the UN Sustainable Development Goals (SDGs) as a framework.

People Moves: GIIN and FTSE Russell

Sean Gilbert has been appointed as director of membership at the Global Impact Investing Network (GIIN).

People Moves: CalSTRS, BNP Paribas, ERAFP, GWEC, FC4S and Cornerstone

Kirsty Jenkinson has been appointed as director of corporate governance at the California State Teachers' Retirement System (CalSTRS) and replaces Anne Sheehan, who retired in March.

Lloyd's syndicates seek $500m to cover 'natcat' losses

Lloyd's of London insurance syndicates have asked their capital providers for more than $500 million, and some have also drawn on letters of credit with bankers, to help cover the financial damage from 2017's natural catastrophes (natcats).

Natural catastrophes in 2017 hit insurers hard

Insured losses arising from natural disasters soared to $138 billion last year, almost three-times as much as in 2016 and far higher than the average of the past 10 years, according to Swiss Re.

Insurers blacklist illegal fishing boats

More than 20 leading insurers have pledged to stop underwriting vessels that have been blacklisted for their involvement in illegal fishing.

Weather hedging could save wind farms $56bn, says insurer

Wind energy investors are losing some $56 billion in 'untapped asset values' as a result of their failure to transfer weather risk efficiently, according to an insurance underwriter.