Chris Cundy

Moody's adds RMS to ESG analytics suite for $2bn

Moody's Corporation has acquired RMS, a provider of risk modelling for extreme weather, climate change, cybersecurity, and other catastrophic risks, for $2 billion.

Eiopa looks to integrate 'impact underwriting' principles in regulations

Europe's insurance authority will explore whether products that contribute to climate adaptation deserve lower capital charges, and if it should incorporate "impact underwriting" concepts in distribution and governance requirements.

News round-up: Green Investment Group, Nuveen, Rathbones and more

Insurers improve climate response but need to look outwards, ClimateWise finds

The more than 30 insurance organisations in the ClimateWise coalition have reported significant improvements in their adherence to the group's principles, but there is room for improvement particularly in their external engagement and transparency.

Eiopa opens discussion on including climate change in Solvency II

The European Insurance and Occupational Pensions Authority (Eiopa) has published a discussion paper on if, and how, climate risk can be included in the Solvency II standard formula.

Green supporting factors "an important debate" in Solvency II review

Lower capital charges for sustainable assets is going to be "an important debate, at least from a political perspective", in the Solvency II review, according to Didier Millerot, head of the European Commission's insurance and pensions unit

Re/insurers facing sixth consecutive year of major US wildfire losses

The US has endured its worst wildfire season, in terms of area burned, since the statistics began being tracked, and will result in multi-billion dollar insurance payouts, according to Aon.

US wildfires to cost insurers up to $8bn, Moody's estimates

Western state blazes have claimed 34 lives and destroyed almost 10,000 homes

Cat bond market hits record highs despite Covid-19 hit

The first quarter of 2020 saw record levels of catastrophe (cat) bond issuance in the insurance-linked securities (ILS) market, despite the impact of the Covid-19 pandemic, according to an Aon Securities report.

Generali launches the first green ILS framework

Italian insurer Generali has issued a framework for issuing "green" insurance-linked securities (ILS) that will allow it to invest in sustainable assets and underwriting.