Marsh, the world’s leading insurance broker and risk advisor, announced that specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social, and Governance (ESG) Risk Rating (ERR), global access to additional capacity through its Lloyd’s of London Syndicate 4321, subject to the ERR score meeting Beazley’s threshold. Launched in March, Marsh’s… Continue reading Marsh Adds Beazley to ESG Risk Rating Roster
Tag: ESG
The SEC Goes After Greenwashing by Fund Managers
The party may be over for all of the greenwashers on Wall Street. There is now little doubt that the U.S. Securities and Exchange Commission is serious about cracking down on misleading claims made by ESG fund managers. Last month, the Securities and Exchange Commission fined a Bank of New York Mellon Corp. investment unit… Continue reading The SEC Goes After Greenwashing by Fund Managers
AIG Releases Environmental, Social and Governance (ESG) Report
American International Group, Inc.today released its 2021 Environmental, Social and Governance (ESG) Report. The 2021 ESG Report builds upon AIG’s inaugural ESG Report published last year, which provided the company’s first holistic view of its efforts to support a more sustainable, equitable and prosperous future. Guided by AIG’s new Purpose and Values Statement, the Report’s… Continue reading AIG Releases Environmental, Social and Governance (ESG) Report
65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
According to a recent survey conducted by the legal and business consulting firm DWF Group, insurance firms have felt increased pressure on environmental, social, and governance (ESG) issues from regulators, employees, and clients in the last two years. In the report, Claire Bowler, global head of DWF’s insurance sector, stated, “There has been a huge… Continue reading 65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
Boardrooms Yet to Fully Grasp ESG Risk
Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating worrying gaps in their evaluation and mitigation of these mounting hazards, according to research published by Marsh, the world’s leading insurance broker and risk advisor. Marsh’s report, Evaluating ESG and pandemic risk reporting trends: FTSE… Continue reading Boardrooms Yet to Fully Grasp ESG Risk
Volatile Markets, U.S. Lawsuits, ESG Issues and SPACs Create New Risks for Managers: Allianz
Board members and company executives are increasingly being held liable in a variety of scenarios. Today’s market volatility, with the increased threat of asset bubbles and inflation, the prospect of an increasing number of insolvencies as a result of the pandemic environment, rising scrutiny of companies’ environmental, social, and governance (ESG) performance, and the urgency… Continue reading Volatile Markets, U.S. Lawsuits, ESG Issues and SPACs Create New Risks for Managers: Allianz
U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
Six in 10 U.S. insurance companies agree that demand from stakeholders to explicitly consider environmental, social and governance (ESG) factors in their decision-making is growing, according to survey results published by AM Best. Compared with Europe, the U.S. insurance industry is still in the nascent stages of ESG integration. Given the developing perceptions of ESG,… Continue reading U.S. Insurers Seeing Need to Adapt to Evolving ESG Demands, Survey Finds
ESG Gains Could Buy Better Terms in Insurance Program
U.S. companies deemed to have superior environmental, social and governance practices will be eligible for improved terms on directors-and-officers liability insurance policies under an initiative by a leading broker. Marsh McLennan’s brokerage unit has teamed with international law firms and four major insurance carriers to recognize corporate clients for strong efforts in the increasingly high-profile… Continue reading ESG Gains Could Buy Better Terms in Insurance Program
Investors Ask U.S. SEC for More ESG Disclosures as Companies Resist: Reuters Analysis
Investor groups have asked the U.S. Securities and Exchange Commission for more corporate disclosures on climate change and other environmental, social and governance (ESG) issues while business interests have pushed back, a Reuters review of correspondence published by the regulator shows. The deadline for the public to submit comments to the SEC on the topic… Continue reading Investors Ask U.S. SEC for More ESG Disclosures as Companies Resist: Reuters Analysis
U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity
American International Group Inc., Nationwide Mutual Insurance Co. and Genworth Financial Inc. are among insurers with the worst environmental, social and governance credentials, according to a report from nonprofit ShareAction. The U.S. companies, together with China’s Ping An Insurance Group Co. and People’s Insurance Company (Group) of China Ltd., received the lowest scores from ShareAction… Continue reading U.S. Insurers Rank Lowest When It Comes to Climate, Biodiversity