by AIP Online Bureau | Jul 10, 2025 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management
“Climate-related risks are an immediate concern for financial stability and economic growth,” Stracca and Bundesbank board member Sabine Mauderer said in a blog published by the ECB Extreme weather events such as heatwaves, flooding and wildfires could wipe as much...
by AIP Online Bureau | Jun 18, 2025 | Banking & Bancassurance, Eco/Invest/Demography, International News, Regulation, Risk Management
The ECB is moving faster than other central banks in treating the fallout from climate change as a financial risk that has the potential to threaten bank solvency. That’s in contrast to the Federal Reserve, with Chair Jerome Powell recently stating that climate isn’t...
by AIP Online Bureau | Dec 22, 2024 | Climate, Environment, Renewable Energy, Disaster & Management, Eco/Invest/Demography, International News, Policy, Regulation, Reinsurance, Risk Management
One part of the plan is a voluntary public-private reinsurance mechanism that would pool private risks across the EU to help backstop weather-related losses. The second pillar would be to create a mandatory European Union fund to pay reconstruction costs when...
by AIP Online Bureau | Jun 6, 2024 | Eco/Invest/Demography, International News, Risk Management
Christine Lagarde,President,ECB “We are not pre-comitting to a particular rate path,” ECB President Christine Lagarde told a press conference, reading from the Governing Council’s statement FRANKFURT: The European Central Bank went ahead with its...
by AIP Online Bureau | May 19, 2024 | Eco/Invest/Demography, International News, Policy, Risk Management
Global dangers have only increased since Russia invaded Ukraine on the euro zone’s border in 2022, with the Middle East representing the latest hot spot. Elections — including Donald Trump’s bid to return to the White House in November and European Parliament polls...
