Advertisement
UK markets closed

  • FTSE 100

    8,139.83
    +60.97 (+0.75%)
     

  • FTSE 250

    19,824.16
    +222.18 (+1.13%)
     

  • AIM

    755.28
    +2.16 (+0.29%)
     

  • GBP/EUR

    1.1678
    +0.0021 (+0.18%)
     

  • GBP/USD

    1.2495
    -0.0016 (-0.13%)
     

  • Bitcoin GBP

    51,130.02
    -597.18 (-1.15%)
     

  • CMC Crypto 200

    1,383.71
    -12.82 (-0.95%)
     

  • S&P 500

    5,101.43
    +53.01 (+1.05%)
     

  • DOW

    38,239.08
    +153.28 (+0.40%)
     

  • CRUDE OIL

    83.64
    +0.07 (+0.08%)
     

  • GOLD FUTURES

    2,350.10
    +7.60 (+0.32%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • HANG SENG

    17,651.15
    +366.61 (+2.12%)
     

  • DAX

    18,161.01
    +243.73 (+1.36%)
     

  • CAC 40

    8,088.24
    +71.59 (+0.89%)
     
PROPERTY:

9 luxury homes to consider if money is no object

Ever thought about what a multimillion pound budget would buy you?

Insurance bosses call for collective climate change action

Reuters - UK Focus

LONDON, Oct (HKSE: 3366-OL.HK - news) 1 (Reuters) - Insurers have called for urgent action to address climate change following a report this week from the UK regulator highlighting the risks which climate change poses to the insurance industry.

Fifteen senior insurance executives wrote an open letter to Bank of England governor Mark Carney on Thursday saying they welcomed the Prudential Regulation Authority's (PRA) report.

"The insurance leaders are also calling for the PRA's report to lead to more urgent collective action to reduce the risks of climate change impacting society, and ultimately the insurance industry," they said in a statement.

The executives included Lloyd's of London Chief Executive Inga Beale and RSA CEO Stephen Hester.

ADVERTISEMENT

Carney said in a speech at Lloyd's this week that increasing levels of physical risk from climate change could present significant challenges to general insurers.

(Reporting by Carolyn Cohn; Editing by Steve Slater)