Global insurance broker and risk advisor Marsh, a March McLennan company, announced today a new initiative, aimed at enabling companies with superior ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. frameworks to be recognized for their superior risk profiles and receive preferred policy terms and conditions on ESG-related exposures for directors and officers (D&O) liability insurance.
Amy Barnes, Head of Climate & Sustainability Strategy at Marsh, said:
“Marsh is proud to introduce D&O coverage enhancements that recognize organizations taking a proactive approach to managing the risks associated with ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments., including the transition to a low-carbon economy. We look forward to replicating this initiative in London and in other parts of the world over the coming months.”
According to Marsh, the new initiative comes addresses an “uptick in ESG-related stakeholder activism and litigation” and an evolving regulatory landscape. Marsh’s clients will engage with select law firms such as Norton Rose Fulbright and Orrick, Herrington & Sutcliffe LLP to review, evaluate – and in some cases bolster – their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. frameworks, and will then be considered for preferred terms and conditions four D&O carriers participating in the initiative, including AIG, Berkshire Hathaway, Sompo International and Zurich North America. ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. related exposures would include climate change disclosures and representations.
Maureen Gorman, a Managing Director in Marsh’s US FINPRO Practice, said:
“Our clients have endured one of the most challenging D&O markets in decades, and the risk landscape is only intensifying, especially as it relates to ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. issues like climate change and diversity. As clients continue to invest in ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. initiatives, it is right that they be recognized as a better risk by underwriters. By working with these select law firms, we are ensuring clients have access to leading independent ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. expertise that can help validate and elevate their ESGEnvironmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. efforts, becoming eligible for more favorable coverage.”
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