Trends: Sustainability Needs Innovation Too

Almost every major insurer and broker has appointed a Head of Sustainabilty this year. But as we move towards 2022, the focus has to be on innovative ideas and thinking, as much as compliance on ESG and corporate reporting requirements. Here’s some news from Marsh;

Marsh, the world’s leading insurance broker and risk advisor, today announced the appointment of Ryan Bond as Head of Climate and Sustainability Insurance Innovation, effective 1 January 2022. Based in London, Mr. Bond will report to Amy Barnes, Head of Climate and Sustainability Strategy, Marsh.

Mr. Bond will be responsible for leading the global development of insurance solutions that support Marsh’s clients through the climate transition and help them achieve their commitments around sustainability and climate change. Working closely with Ms. Barnes, Mr. Bond will also support market innovation to address these complex issues.

Mr. Bond joined the business in 2007; most recently was Chief Executive, UK and Ireland, of Bowring Marsh, Marsh’s international placement business. Before joining Marsh, he was a Division Director at Willis Towers Watson for six years. Mr. Bond is a board member of the British Insurance Brokers’ Association (BIBA) and also serves on BIBA’s International & Wholesale Advisory Board.

Commenting on Mr. Bond’s appointment, Ms. Barnes said: “Insurance has a key role to play in accelerating climate-related action, smoothing the transition, and supporting the societal change required to realise a more sustainable future.

“Ryan’s extensive experience working with international insurance markets, together with his deep understanding of the challenges our clients face, will be invaluable in the development of new solutions that support organisations in achieving their climate and sustainability-related goals.”

Mr. Bond added: “There is a clear opportunity for greater innovation in risk transfer, underwriting, and risk management to support global climate ambitions, and for insurance to be a more immediate catalyst for change. I look forward to working with our clients, colleagues, and the wider insurance community to build resilience amid increasing climate volatility and develop nature-positive insurance solutions.”

About alastair walker 10513 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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