Fidelis Becomes A Member Of ClimateWise
Fidelis Becomes A Member Of ClimateWise
An insurance and reinsurance holding company with offices in Bermuda, Fidelis Insurance Holdings Limited, recently declared that it has joined ClimateWise.
Leading insurers, reinsurers, brokers, and service providers in the business are represented by ClimateWise in a global network.
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ClimateWise also shares a dedication to leading the sector in reacting to the opportunities and risks of climate change.
The Task Force on Climate-related Financial Disclosure (TCFD) standards are connected with the ClimateWise Principles, which mandate that members reveal how they are responding to the risks and possibilities of climate change. A
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Fidelis will submit an annual report to ClimateWise detailing the steps it has done to support these Principles.
Fidelis Becomes A Member Of ClimateWise
|“Fidelis is committed to transparency around its sustainability initiatives, and to following a recognised industry disclosure standard. Membership of ClimateWise will provide valuable feedback on our actions relative to peers, as well as enabling us to take part in research collaborations which support the insurance industry on its path towards net zero”, said Olivia Brindle, Head of Sustainability.
Meanwhile, Fidelis recently announced the creation of Fidelis MGU – a new managing general underwriter separated from its existing balance sheet carriers.
However, shortly after Fidelis announced its plans for its new MGU, rating agency AM Best, announced that it has placed the financial strength ratings of Fidelis and its subsidiaries under review with negative implications.
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