The cost of corporate carbon offsetting could double by the end of the decade, as businesses race to meet net zero targets, according to a report by PwC.

Ardonagh is expanding into Greece, having agreed to acquire a majority shareholding in SRS Group, a growing reinsurance business serving the southern Mediterranean region.

Aon has announced a partnership with Praedicat to develop new tools for clients seeking to transfer and mitigate complex and emerging liability risks, including those associated with climate, microplastics and nanotechnology.

The shipping sector has reported a record low number of large ships lost over the past year, but a combination of impacting fire risk, ongoing and new threats posed by the ripple effects of the Ukraine conflict, decarbonization challenges, economic uncertainty, as well as the rising cost of marine claims, means the sector still has plenty of obstacles to navigate over the next 12 months and beyond, according to insurer AGCS.

Operational risk association ORX has launched a greenwashing toolkit to support global banks and insurers create a greenwashing scenario, responding to the rapidly growing regulatory and societal focus on climate-related transition risks.

In response to the growth in contraband drugs entering Europe via ports on the Atlantic seaboard, specialist freight insurer TT Club is increasing its efforts to promote industry awareness of trends in criminal activity and the steps required to restrict its success.