Skip to content
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
Insurance Journal - Property Casualty Industry News

Featured Stories

  • Cat Bond Investors Told to Brace for Jamaica Payout
  • Berkley Explains Property Market, Company Appetite
  • Articles
  • Jobs
  • Markets

Current Magazine

current magazine
  • Read Online
  • Subscribe
  • Login
  • Front Page
    • National
    • International
    • Most Popular
    • Magazine
    • Forums
    • Blogs
    • Videos/Podcasts
    • Newsletters
  • News
    • Most Popular
    • National
    • International
    • East
    • Midwest
    • South Central
    • Southeast
    • West
  • Magazines
  • Research
  • Directories
  • Jobs
  • Features
    • Events
    • Forums
    • Market Directories
    • Quotes
    • Polls
    • Rankings & Awards
    • Insurance Giving Back
  • Subscribe

Everest Re Group Signs UN Principles for Sustainable Insurance

January 27, 2022
Email This Subscribe to Newsletter
  • Article

Everest Re Group Ltd. announced it has become an official signatory of the UN Principles for Sustainable Insurance (PSI), a global framework for a sustainable insurance industry developed through partnership between risk management leaders and the United Nations Environment Programme Finance Initiative.

The company is one of 12 Bermuda or North American-based insurance sector companies to sign on to the UN Principles that ensure better management of environmental, social, and governance (ESG) issues and strengthen the insurance industry’s contribution to building a resilient, inclusive and sustainable society, Everest explained in a statement.

Signatories of the Principles for Sustainable Insurance pledge to focus on embedding ESG into company strategy and risk management procedures, as well as working with clients, suppliers, regulators, governments, and other key stakeholders to build awareness and drive action on ESG issues. PSI signatories also commit to regular disclosure of progress in implementing the principles.

In addition to the PSI, Everest was among the earliest Bermuda-based re/insurers to become a signatory to the United Nations-supported Principles for Responsible Investment (PRI), the world’s leading proponent of responsible investment. As a result, nearly 79% of Everest’s total assets are managed by other UN-PRI members, including approximately 94% of its fixed-income assets, which comprise the majority of the company’s investment portfolio.

Everest’s commitment to the PSI reflects the company’s recognition of the impact of climate change on the global environment and its stated goal of achieving a zero-emissions workplace across all global offices by 2050. The company’s new U.S. headquarters in Warren, N.J. achieved LEED Silver status in October 2021 and will report further progress in its comprehensive Corporate Responsibility Report to be issued later this year.

“Everest is proud to be a signatory to the UN Principles for Sustainable Insurance and advance a responsible, inclusive culture that is governed by our purpose and values,” said Juan C. Andrade, president and CEO of Bermuda-basee Everest. “Today’s risk management landscape is dynamic, complex, and increasingly interconnected. We need more innovation across the entire value chain to meaningfully address climate change. Everest is committed to providing sustainable risk solutions that enable greater progress on this important issue.”

Source: Everest Re Group

Was this article valuable?

Thank you! Please tell us what we can do to improve this article.

Thank you! % of people found this article valuable. Please tell us what you liked about it.

Here are more articles you may enjoy.

‘Massive Legal Siege’ Against Social Media Companies Looms
GEICO Sues Medical Firms in Florida, NY Over Alleged No-Fault Auto Fraud
Alaska Airlines Vows IT Upgrades After Outage Forces 400 Flight Cancellations
Catastrophe Bonds’ Huge Market Gains Put Reinsurers on Backfoot

The most important insurance news,
in your inbox every business day.

Get the insurance industry's trusted newsletter

Email This Subscribe to Newsletter
  • Categories: International & Reinsurance NewsTopics: Climate Change, environmental social and governance (ESG) criteria, Everest Re, Everest Re Group, Juan C. Andrade, Principles for Sustainable Insurance (PSI), sustainable development, sustainable development goals (SDG)
  • Have a hot lead? Email us at newsdesk@insurancejournal.com
More News
UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal
Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24
Generali, Natixis Owner Likely to Drop Asset Management Deal, Sources Say
Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil
More News Features

Read This Next

  • Everest Re Group Signs UN Principles for Sustainable Insurance
  • Lyft Protected by Florida's 2017 Law in Driver's Miami Crash, Appeals Court Says
  • Tropical Storm Melissa Brings Heavy Rain to Haiti, Dominican Republic and Jamaica
  • AWS Outage a 'Moderate Incident,' Another Near Miss for Insurance Industry
  • Apple Attacks EU Crackdown in Digital Law's Biggest Court Test

Insurance Jobs

  • Insurance Account Executive - Remote/ Brooklyn, NY
  • Property Liability Claims Supervisor - Wilsonville, OR
  • Regional Sales Manager - Irving, TX
  • Senior Underwriter - Denver, CO ( Hybrid)
  • Business Development Representative - Remote/Pittsburgh, PA/Allentown, PA
MyNewMarkets
  • Bigger Piece of the Pie: Surplus Lines Market Hits New Record as Specialty Lines Continue to Grow in Prominence, Market Share
  • Death and Insurance (Not Taxes): Part One
  • AI for Agents
  • How to Attract the Next Generation to Insurance
  • 5 Evolving Trends Shaping Architects and Engineers Coverage
Claims Journal
  • What's Happening in The Claims Profession? Read This, Then Tell Us
  • Truck Driver in Fatal Crash Repeatedly Failed Driving Tests, Florida AG Office Says
  • Mondelez Defeats Greenwashing Suit Over 'Climate Neutral' Clif Bar Claim
  • ZEVs Accounted for 1-in-4 California Auto Sales as Tax Credit Wound Down
  • Apple Seeks to End Apple Pay Trade Secrets Lawsuit
Academy of Insurance education
  • October 21 E&S Property Underwriting
  • October 23 Gotchas That'll Getchya - Latest Policy Language That'll Get You Sued
  • October 30 Challenges in Agency Mergers – Reducing Staff Flight and Avoiding E&O Claims
  • November 6 Risk and Insurance for Digital Nomads

Insurance News

  • News by Region
  • News by Topic
  • Yesterday

Site Search

Features

  • Insurance Markets Directory
  • Forums
  • A.M. Best Company Ratings
  • Industry Events
  • Agencies For Sale
  • Newswire
  • Insurance Jobs
  • Rankings & Awards

Connect with us

  • Email Newsletters
  • Magazine Subscriptions
  • For Your Website
  • RSS Feeds
  • Twitter
  • Facebook
  • LinkedIn
  • Do Not Sell My Info

Insurance Journal

  • Submit News
  • Advertise
  • Subscribe
  • Reprints
  • Link to Us
  • Contact Us

Wells Media Group Network

  • Insurance Journal
  • MyNewMarkets.com
  • Claims Journal
  • Insurance Journal TV
  • Academy of Insurance
  • Carrier Management
© 2025 by Wells Media Group, Inc. Privacy Policy | Terms & Conditions | Site Map