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COSCO Shipping Captive Insurance has become the first Asian marine insurance company to support the Poseidon Principles.

Cosco Shipping Captive Insurance has become the first Asian marine hull insurer to sign up to the Poseidon Principles on climate.

Navium Marine and AXA XL have joined the Poseidon Principles for Marine Insurance, allowing the principles to enter into force.

The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the climate alignment of insurers’ hull and machinery portfolios. With the number of its Signatories reaching – and surpassing – the threshold of eight, the framework now enters into force. This means that Signatories are required to report their climate ...

The Poseidon Principles for Marine Insurance establish a common global framework for aligning marine insurance portfolios with society’s goals. Through their actionable methodology, the Principles enable insurers to quantitatively assess the carbon footprint of their underwriting portfolios and track progress against targets. Signatory insurers commit to publicly disclosing their climate alignment scores, thus promoting accountability ...