Canadian Underwriter


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How brokers can protect clients from ESG and DEI claims risk

April 25, 2023 Philip Porado

Brokers placing directors and officers (D&O) insurance coverage should recognize the growing importance of how private company clients manage both environmental, social and governance (ESG) and diversity, equity and inclusion (DEI) concerns. Those issues are of increasing concern to the

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News Insurance

ESG reporting expectations on suppliers growing, report says

March 31, 2023 The Canadian Press

MONTREAL – A new report finds that small and medium suppliers face growing expectations from their larger customers to report on environmental, social and governance (ESG) standards.   The Business Development Bank of Canada (BDC) survey of 121 large companies and

A gavel rests in a patch of grass. ESG legal action.
News BrokersClaimsClimate ChangeInsuranceLegalLegislation / RegulationRisk

Why your commercial clients may be at risk of ESG legal action

March 1, 2023 by Alyssa DiSabatino

Canadian law firms are preparing for an uptick in environmental, social, and governance (ESG)-related legal cases, based on the rise of such cases in the U.S., a litigator tells Canadian Underwriter. ESG lawsuits occur when a company is taken to

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News Climate ChangeCommercial LinesInsuranceMarkets / Coverages

Has Russia-Ukraine hindered insurers’ ESG plans?

February 13, 2023 by Alyssa DiSabatino

Insurers with ESG plans are still sticking to their guns to stop backing fossil fuels and thermal coal, even as geopolitical events like Russia’s Ukraine invasion put strain on the international energy sector, an industry expert told delegates at CatIQ

ESG in the maritime transport industry
News BrokersClimate ChangeInsuranceMarkets / CoveragesMGAs

How ESG affects the entire insurance supply chain

October 20, 2022 by Jason Contant

Implementing environmental, social and governance (ESG) strategies will create a ripple effect impacting the entire insurance supply chain and billions of dollars in investments, said George Longo, president and CEO of MGA Excess Underwriting.  “The ripple effect is going to

Illustration of a side silhouette of an industrial, pollution filled face with a long pinocchio-like nose. A green mask filled with plants is in front of the nose.
News BrokersClimate ChangeInsuranceLegalLegislation / Regulation

How brokers can prevent D&O clients from getting burned for greenwashing

September 23, 2022 by Alyssa DiSabatino

Investors are increasingly pursuing companies for ‘greenwashing,’ referring to company directors who misrepresent their climate credentials or fail to act in accordance with their stated climate goals, says a financial services executive at Marsh Canada. Commercial brokers can help their

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News Climate ChangeInsurance

How the insurance industry can invest in climate sustainability

September 1, 2022 by Alyssa DiSabatino

Climate-friendly impact investments and those promoting resilience to the damaging effects of climate change are environmentally responsible ways for insurers to allocate their capital, suggests one insurance expert.   Aside from charging premiums for policies, insurers turn a profit by

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News BrokersEmploymentInsuranceProfessional Development

How ESG offers a competitive advantage

April 22, 2022 by Alyssa DiSabatino

Prioritizing environmental, social, and governance (ESG) issues is part of a company’s long-term competitive success, and panellists in a recent webinar shared examples of why.   For example, companies that focus on ESG — and social responsibility in particular —

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News Earnings / RatingsInsuranceMergers and Aqcuisitions

Five factors driving M&A activity in 2022

March 15, 2022 Philip Porado

Calendar 2021 marked the first full year of positive mergers and acquisitions (M&A) performance for the world’s deal makers since 2016, said research compiled for WTW’s Quarterly Deal Performance Monitor. The research, conducted in partnership with the M&A Research Center

News Insurance

Institutional investors increasingly likely to divest on ESG grounds

December 6, 2021 Canadian Underwriter Staff

Like insurers, Canada’s institutional investors are examining how environmental, social and governance (ESG) factors weigh into their operational decisions. A new EY report on global institutional investors that includes Canada showed 74% are more likely to divest from companies with

News Insurance

Why D&O insurers need to focus on the ‘S’ in ESG

November 9, 2021 by Jason Contant

The ‘S’ pillar of environmental, social, and governance (ESG) practices should be an increasingly important area of focus for D&O insurers, a specialist insurance provider said recently. While ESG is clearly a hot topic, the environmental and governance pillars have

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News Insurance

Ignoring ESG means ‘significant’ D&O risk to insurers and business: AGCS

October 19, 2021 Canadian Underwriter Staff

Businesses and insurers ignore environmental, social and governance (ESG) issues at their peril, an Allianz Global Corporate & Specialty (AGCS) report released this month suggests. “If an ESG issue is not handled or disclosed appropriately by the company or board,