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Delay in withdrawing cover for coal projects could hurt Lloyd s brand

Bruce Carnegie-Brown, chairman of Lloyd’s of London, expressed concerns around Lloyd’s brand name getting damaged if insurers delay their withdrawal from carbon-intensive projects.

Lloyd s of London plans electric vehicle, hydrogen insurance in climate change fight | WSAU News/Talk 550 AM · 99 9 FM

By Syndicated Content Jul 28, 2021 | 6:18 PM LONDON (Reuters) – Lloyd’s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight climate change, the specialist insurance market said on Thursday. Lloyd’s published a climate action road map to speed the move to a net zero world through its leadership of an insurance task force launched last month with Britain’s Prince Charles’ Sustainable Markets Initiative (SMI). “There is an ever-more pressing need for a coordinated global effort across industries to effect the monumental transformation needed to address the climate challenge,” Bruce Carnegie-Brown, chair of Lloyd’s and of the SMI Insurance Task Force said in a statement.

Lloyd s of London plans electric vehicle, hydrogen insurance in climate change fight

Reuters 2 minute read Signage is seen inside the Lloyd s of London building in the City of London financial district in London, Britain, April 16, 2019. REUTERS/Hannah McKay LONDON, July 29 (Reuters) - Lloyd s of London plans to develop insurance products for electric vehicles and hydrogen as part of its efforts to fight climate change, the specialist insurance market said on Thursday. Lloyd s published a climate action road map to speed the move to a net zero world through its leadership of an insurance task force launched last month with Britain s Prince Charles Sustainable Markets Initiative (SMI). read more There is an ever-more pressing need for a coordinated global effort across industries to effect the monumental transformation needed to address the climate challenge, Bruce Carnegie-Brown, chair of Lloyd s and of the SMI Insurance Task Force said in a statement.

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