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Parhelion, claiming to be the world’s first fully sustainable insurer, is set to launch with backing from Howden Broking. The provide stated that is targeting a capital raise of $500m (£353.7m) and is being advised by Howden Capital Markets and TigerRisk Capital Markets & Advisory. A spokesperson for the business confirmed to Insurance Age that Parhelion, which aims to begin underwriting from 1 January 2022, will be working with brokers. ESG According to Parhelion, its Environmental, Social Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.