Beazley to offer additional capacity to ESG compliant clients that opt into Marsh's ESG Risk Rating
Launched in March, Marsh’s ESG Risk Rating is an assessment tool that can measure an organisation’s ESG performance, enabling it to improve their ESG risks, and gain access to additional insurance market capacity.
Capacity will be offered via Lloyd’s Syndicate 4321, which started underwriting in January 2022 and accepts D&O, healthcare, financial institutions, London market US cyber, property, marine hull, marine cargo and aviation business.
All premiums received by Syndicate 4321 are invested responsibly in line with Beazley’s Responsible Investment Strategy, the company says.
Amy Barnes, Head of Climate and Sustainability Strategy at Marsh, said: “The ESG Risk Rating enables clients to take control of their ESG narrative and differentiate their organisations with insurers.”
“The option of additional capacity from Beazley’s Syndicate 4321 is an important milestone in the development of the ESG Risk Rating, as we support clients in realising their ESG goals.”