Climate risk encompasses the physical, transition, and liability risks arising from climate change, affecting both sides of insurers’ balance sheets. On the underwriting side, it drives changes in hazard frequency and severity, reshapes insurability, and requires updated models and pricing. On the investment side, it influences asset values, sector exposures, and regulatory expectations for climate‑related disclosures. Integrating climate risk into strategy, capital planning, and product innovation is now a central task for boards and risk functions.
Coverage gaps persist across Europe
Previously flooded properties are shelling out over double the national average
A decade in the British Army, a chance encounter at Lloyd’s, and a career spent at the intersection of risk, geopolitics and technology
The home-led insurer weighs its climate-exposed property book and push into the pet market against intensifying market pressures
Latest appointee has more than 30 years of financial and accountancy experience in his sleeve
