Search results: PSI
PSI only the start of ESG journey for International SOS captive
Becoming a signatory of the United Nations’ Principles for Sustainable Insurance (PSI) should only be the start of the captive journey in contributing to the group’s ESG objectives, according to Franck Baron, group deputy director of risk management and insurance at International SOS.
International SOS captive signs up to UN’s PSI
Singapore-domiciled Odeon Insurance Re Pte Ltd is the first Asian captive to become a signatory of the United Nations Principles for Sustainable Insurance.
More captives to sign up to the UN’s PSI – Ciaran Healy
Aon’s Ciaran Healy is confident more captives will sign up to the United Nations’ Principles for Sustainable Insurance (PSI) with Enel Insurance a “proof of concept” that others should be able to follow.
Enel’s captive PSI signatory is “finishing touch” for sustainability focus
Antonio Nervini, Head of Insurance in the Netherlands at Enel Insurance N.V., is hoping that other captives follow the Italian multinational's lead in signing up to the United Nations’ Principles for Sustainable Insurance (PSI).
Enel forms first Italian captive, more expected to follow
Italy has licensed its first reinsurance captive for Enel S.p.A., and Captive Intelligence understands further re-domestications are expected to follow.
Captive owners can be ESG insurance pioneers
Captives have an opportunity to drive innovation in ESG and insurance, according to Maria Arana, ESG leader Europe at Marsh, and Lorraine Stack, international sales and consulting leader at Marsh Captive Solutions.
Captives can play “crucial role” in absorbing parametric basis risk
Captives could be key to taking parametric insurance more mainstream with large corporates by playing a “crucial role” in absorbing the basis risk of the policy and providing direct indemnification the insured parent, according to Thomas Keist and Jan Bachmann at Swiss Re Corporate Solutions.
Slow uptake, but parametric products can be “perfect fit for captives”
Parametric products are the “perfect fit” for a captive due to their direct access to internal company data, while the policy’s automatic pay-out function also lends well to captive utilisation.
GCP #88: Brian McNamara, Franck Baron and Pierrick Livet at RISKWORLD 2023
Richard brings listeners three more interviews conducted at RISKWORLD 2023. Brian McNamara at AGCS, IFRIMA president Franck Baron and Pierrick Livet, at KPMG Bermuda.
Labuan, Singapore add eight new captives in 2022
The number of captives domiciled in Labuan at the end of 2022 was 67, while the total number of captives in Singapore at the end of 2022 was 82.
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