Launched in March, Marsh’s ESG Risk Rating is an assessment tool that can measure an organization’s ESG performance, enabling it to improve their ESG risks, and gain access to additional insurance market capacity.
Syndicate 4321 started underwriting in January 2022 and accepts D&O, healthcare, financial institutions, London market US cyber, property, marine hull, marine cargo and aviation business. All premiums received by Syndicate 4321 are invested responsibly in line with Beazley’s Responsible Investment Strategy.
Amy Barnes, Head of Climate and Sustainability Strategy, Marsh, said: “The ESG Risk Rating enables clients to take control of their ESG narrative and differentiate their organizations with insurers. The option of additional capacity from Beazley’s Syndicate 4321 is an important milestone in the development of the ESG Risk Rating, as we support clients in realising their ESG goals.”
Will Roscoe, Head of Portfolio Underwriting, Beazley, added: “Beazley’s ESG syndicate 4321 helps clients improve their ESG credentials and embed greater understanding of the risk profile of high scoring ESG businesses into our own underwriting. I am pleased that by adopting Marsh’s ESG Risk Rating tool, clients who are able to meet the criteria will benefit from access to additional capacity from syndicate 4321.”
Marsh is the world’s leading insurance broker and risk advisor. With around 45,000 colleagues operating in 130 countries, Marsh serves commercial and individual clients with data-driven risk solutions and advisory services. Marsh is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. With annual revenue nearly $20 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading businesses: Marsh, Guy Carpenter, Mercer and Oliver Wyman.