Natural catastrophes cost insurers $50bn in the first half of 2023

A major new report from Swiss Re reveals a series of severe connective storms in the US accounted for 68% of the global catastrophe losses alone, costing $35bn

Founder of Net Zero Insurance Alliance leaves

Swiss RE has become the fourth insurer to leave the NZIA

Insurance giant Swiss Re to cut cover for carbon-intensive oil and gas firms

From July 2023, it will not provide individual insurance covers for oil and gas companies that are responsible for the world’s 10% most carbon-intensive oil and gas production

Swiss Re and Climeworks ink $10m carbon capture and storage deal

Climeworks’ carbon removal solution filters carbon dioxide from ambient air using geothermal energy, with the captured CO2 sent for permanent storage in nearby rock layers