Chris Cundy

Articles by Chris Cundy

  • EIOPA proposes capital charges on fossil fuel assets

    13 December 2023

    Fossil fuel-related stocks and bonds pose higher market risks to insurers that could be mitigated via additional capital charges on these assets, the European Insurance and Occupational Pensions Authority (EIOPA) has suggested.

  • COP28: US insurers propose plan to ensure insurance cover as catastrophes grow

    01 December 2023

    The US National Association of Insurance Commissioners (NAIC) has proposed a national climate resilience strategy to help ensure the availability of property insurance in the face of severe disasters.

  • Lloyd's launches framework to assist market in transition to net zero

    24 November 2023

    Lloyd's of London has launched its long-awaited draft roadmap for how the re/insurance market will approach the transition to net-zero emissions.

  • UK regulators propose rules on diversity and inclusion

    26 September 2023

    The UK's financial regulators have issued consultations on improving diversity and inclusion (D&I) in financial industries, an issue that is "important to governance and firm-wide culture" and supporting effective risk management.

  • Insurers set for mandatory transition plans in Solvency II reforms

    19 July 2023

    Insurers would be required to publish plans for reaching net zero by 2050, under draft rules approved by a European Parliamentary committee.

  • Eiopa launches free app to help with physical climate risk modelling

    17 May 2023

    The European Insurance and Occupational Pensions Authority (Eiopa) has launched free software in a bid to help bring climate and natural catastrophe modelling to a wider range of users.

  • We need a safe space to disclose transition plans, says Aviva's Amanda Blanc

    27 March 2023

    Aviva's chief executive Amanda Blanc has urged regulators to create a "safe environment" for insurers to publish their plans for how they will transition to net-zero emissions without fear of reprisals.

  • Ariel Re to offset carbon in novel cat bond transaction

    03 March 2023

    Property, casualty and specialty reinsurer Ariel Re has issued a $125m catastrophe bond with a mechanism that will help offset carbon emissions associated with having to replace damaged property.

  • Don't treat climate change as 'just a long-term risk', insurers told

    23 January 2023

    Insurers have made good progress on identifying and managing climate risk in their own balance sheets, but they need to do more to support customers and society make the transition to net-zero emissions, according to ClimateWise.

  • Regulators consider capital for climate risk

    16 December 2022

    Insurance regulators are keen to ensure their prudential frameworks properly incorporate climate risk. But whether this should be reflected in capital requirements is proving a difficult question to answer, as Christopher Cundy reports