Joshua Geer

Swiss Re reduces carbon intensity of corporate bonds and equities by 42%

The carbon intensity of Swiss Re's combined corporate bond and listed equity portfolio decreased by 42% at the end of 2022, compared with the 2018 base year, it reported.

Phoenix estimates 20% of equity and credit assets exposed to high transition risks

Some 20% of Phoenix's listed equity and credit portfolios are exposed to sectors at high risk in the transition to a net-zero economy, such as energy, utilities, industrials and materials.

Aviva completes divestment of £2.5bn in fossil fuel companies

Aviva has divested almost all its £2.5 billion ($3 billion) exposure to fossil fuel companies on its "Stoplist" of firms with weak ambitions to reduce their climate impact.

Zurich excludes five fossil-fuel companies with non-credible transition plans

Zurich has excluded five companies from its investment and underwriting activities as it no longer considered their "progress against transition plans to be credible".

Only 23% of climate-related losses in Europe are insured, says EIOPA

Build up capital buffers to withstand the climate crisis, insurers told

Insurers and banks are massively underestimating climate risk, and the financial institutions' capital buffers will prove largely insufficient to cover the resulting losses, according to Finance Watch.

Eiopa: how we plan to stop insurers greenwashing

Europe's insurance authority explains its plans to address greenwashing, including how the term is defined and what measures it intends to take to prevent it, in this Q&A with Joshua Geer

Aviva moves to insure offshore wind projects

UK's net zero review will help 'unlock investment', says Aviva

Recommendations to the UK government on steps it should take to meet net zero targets have been welcomed by investors for their potential to help 'unlock the investment required' for the energy transition.

WTW unveils US coral reef insurance policy