Ronan McCaughey

Climate risk means property cat losses could rise 120% by 2040

Climate risk could hike insured property catastrophe losses by 90 to 120% by 2040 in key markets such as China, the UK, France and Germany, according to Swiss Re.

US seeks to plug insurers' data scarcity on climate risk

A US government initiative has been launched to better assess insurers' climate-related financial risks and address the lack of available data in this area.

Lloyd's urged to make climate roadmap more radical

Climate campaigners have criticised a climate roadmap launched by insurance market Lloyd's of London because they say action is needed on fossil fuels to effectively address the climate crisis.

European insurers ranked top globally for ESG activity

Insurance Europe warns against imposing climate risk scenarios in Orsas

Eiopa consults on climate risk scenarios in insurers' Orsas

The European Insurance and Occupational Pensions Authority (Eiopa) has published a consultation on the use of climate change risk scenarios in insurers' own risk and solvency assessments (Orsas).

Climate change could be "much worse" than Covid-19

Climate change risks being "much worse and more difficult" than Covid-19, Munich Re's chief executive for reinsurance, Torsten Jeworrek, has warned.

Climate change could be "much worse" than Covid-19

Munich Re's reinsurance CEO says climate change has been under the radar because of the pandemic

NOAA warns of busy 2020 hurricane season

An above-normal Atlantic hurricane season is forecast for 2020, the US National Oceanic and Atmospheric Administration (NOAA) has warned.

Aon and Brit back 'climate-friendly' data standard

The initiative aims to help insurers develop products around climate change