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Summary
Against a background of wildfires, windstorms and historic flooding around the world, the scientific consensus sees global warming passing the Paris Agreement’s 2°C target despite 130 countries and close to 8,000 companies making commitments to achieve net zero GHG emissions by 2050*.
The ramifications for re/insurers are huge, from an uptick in climate-related claims to an array of new reporting requirements and standards. In our upcoming webinar, on September 26th at 3.30pm BST, hosted by S&P Global Market Intelligence, Future directions in the race to net zero, our panel of industry experts will discuss the future of the insurance industry’s own net zero initiatives and the regulatory and standard-setting challenges that lie ahead.
- Five years after its launch by the Financial Stability Board (FSB), what has the Task Force on Climate-related Financial Disclosures (TCFD) achieved and what’s left to do?
- The ESG backlash in the US – what do withdrawals from the NZIA mean for voluntary commitment initiatives in the industry?
- What does the European Union’s CSRD/ESRS new reporting regime mean for insurers in the bloc?
- What is the direction of travel for the Bank of England, which recently said it is tightening its focus on improving insurers’ identification, measurement and management of climate risks?
- It’s been observed that the race to net zero will be won or lost in Asia: what steps are underway in influential markets like Japan, China, Malaysia and Singapore?
*TCFD 2022 Status Report
Moderator
S&P Global Market Intelligence
Raymond Barrett
S&P Global Market Intelligence
News Desk Manager, Global Insurance
Raymond Barrett leads S&P Global Market Intelligence’s global insurance news coverage from Washington, D.C.
Raymond Barrett leads S&P Global Market Intelligence’s global insurance news coverage from Washington, D.C. Previously, he was Global Managing Editor of the Policy & Regulatory Report (PaRR) in Hong Kong. His commentary and analysis has also appeared in the New York Times, the Guardian and Foreign Policy. Raymond also spent many years in the Middle East and is the author of Dubai Dreams: Inside the Kingdom of Bling.
Speaker
Nigel Brook
Clyde & Co.
Partner
Nigel Brook is a partner at Clyde & Co, where he specialises in reinsurance.
Nigel Brook is a partner at Clyde & Co, where he specialises in reinsurance. He is founder and co-lead of the firm’s global Resilience and Climate Risk practice, and advises and presents on climate change issues including duties of care, liability and governance.
Miqdaad Versi
Oxbow Partners
Partner
Miqdaad Versi is a Partner and runs the ESG Practice at Oxbow Partners. He is the (co-)author of two landmark reports on ESG: one assessing the ESG maturity of Bermudian (re)insurers and another detailing how ESG data is used in underwriting.
Miqdaad Versi is a Partner and runs the ESG Practice at Oxbow Partners. He is the (co-)author of two landmark reports on ESG: one assessing the ESG maturity of Bermudian (re)insurers and another detailing how ESG data is used in underwriting. He has engaged with over 100 leads on sustainability across UK, Europe and Bermuda, covering topics including their current ESG priorities, their approach to net-zero and how they are embedding ESG into their underwriting. His expertise has been called upon at the Bermuda Climate Risk Summit, the London Market Association Sustainability Committee, the Voice of Insurance podcast and a range of insurance media outlets. He has led a series of projects on ESG including covering aligning senior leadership on an ESG ambition, building an ESG strategy, developing bespoke ESG training and supporting on climate/ESG disclosures.
Rachel Delhaise
Convex Insurance
Group head of Sustainability
Rachel Delhaise is Group Head of Sustainability at Convex Insurance with responsibility for developing and implementing the sustainability strategy across the group.
Rachel Delhaise is Group Head of Sustainability at Convex Insurance with responsibility for developing and implementing the sustainability strategy across the group. Prior to joining Convex in April 2021, she was Chief Risk Officer of Starstone Group for six years where she developed and led the risk function across five operating entities. Rachel has 30 plus years of experience in the insurance sector, with over 20 years spent with Guy Carpenter, part of Marsh and McLennan Corp, latterly as Managing Director of the firm's capital markets arm, GC Securities. She spent the first ten years of her career as an aviation reinsurance broker. She is also currently a non-Executive Director of Envelop Risk, a specialty cyber underwriting managing agent.
Rachel has completed University of Cambridge Institute of Sustainability Leadership (CISL), Business Sustainability Management and Sustainable Finance courses.
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