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Insurers call for action on climate change

06 September 2010

Four initiatives representing more than 100 leading international insurance companies have called on governments worldwide to harness risk management techniques and insurance expertise to help the developing world adapt to climate change.

Four initiatives representing more than 100 leading international insurance companies have called on governments worldwide to harness risk management techniques and insurance expertise to help the developing world adapt to climate change.

The initiatives presented a statement aimed at world leaders and negotiators of the United Nations Framework Convention on Climate Change (UNFCCC) at a press conference at Lloyd's of London.

The four groups launching the statement are ClimateWise, The Geneva Association, the Munich Climate Insurance Initiative (MCII) and the...


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Poll

Catastrophe bond issuance was $4.3bn in 2011. How much new issuance will there be in 2012?

Less than $3bn
0%
$3bn-$4bn
44%
$4bn-$5bn
22%
$5bn-$6bn
11%
$6bn-$7bn
22%
More than $7bn
0%

Quote

If last year was the year of the cat, then this year could be the year of the debt crisis.

Mike Van Slooten, head of international market analysis at Aon Benfield