The transition to net zero is a massive endeavour and we appreciate the efforts of the marine industry. As risk managers, insurers and investors, the insurance industry has a key role in supporting the transition to a net-zero economy. The Poseidon Principles will serve our institutions as well as our clients to quantitatively assess and disclose the climate alignment of their underwriting portfolios and thus improve decision-making at a strategic level and shape a sustainable future for all. The disclosure framework provided by the Poseidon Principles will enable us to credibly report our progress towards net-zero insurance using granular marine data.
Patrizia Kern, Marine Head at Swiss Re Corporate Solutions and Chair of the drafting committee for the Poseidon Principles for Marine Insurance
We need to work together to tackle the challenge of climate change. As such, the Poseidon Principles are an important contribution from the marine hull insurance industry. The principles provide us with a common tool to monitor progress over time. As a leading marine insurer, we will work together with our Members and clients to make sure that the principles and the methodologies applied are as practical and straightforward as possible. Our common goal is an accelerated move towards a decarbonized industry.
Rolf Thore Roppestad, Chief Executive Officer of Gard, and Vice-Chair of the drafting committee for the Poseidon Principles for Marine Insurance
Mr. Ilias Tsakiris, Director of Hellenic Hull Management and CEO of American Hellenic Hull Insurance Company
Participating in the launch of the PPMI and supporting the initiative is a firm step forward for SCOR in accompanying our international shipping clients towards a zero emission future for the industry. As a founding member of the Net-Zero Insurance Alliance, we strongly believe that (re)insurers have an important role to play in addressing climate change and that collective action is the only way forward.
Jean-Paul Conoscente, CEO of SCOR Global P&C
Decarbonising international shipping is a major goal that will contribute towards global efforts to stabilise climate change over the coming decades. Victor is committed to being at the forefront of insurance industry initiatives such as the Poseidon Principles that will play a pivotal role in supporting the innovations needed to achieve this objective and make shipping safer and sustainable.
Richard Turner, International Head of Marine at Victor Insurance and President of the International Union of Marine Insurers
Norwegian Hull Club is committed to taking part in its clients’ journeys towards zero emissions. Partnerships are key to achieving this goal. Through Poseidon Principles for Marine Insurance, The Club can help influence how the insurance industry contributes to this transition.
Hans Christian Seim, Chief Executive Officer, Norwegian Hull Club
We are delighted to be the first London market entity to sign up to the Poseidon Principles for Marine Insurance (PPMI). We are constantly looking for ways to use real data to monitor our underwriting portfolio against our ESG areas of concern, and Poseidon is a great way for us to do this on our marine hull book. We look forward to working with the PPMI team and Signatories.
Charles Mathias, Deputy Chairman Risk, Fidelis MGU
Navium is committed to supporting the maritime industry transition to net-zero emissions and delighted to be part of the Poseidon Principles. Market collaboration and transparency are essential to decarbonising and allow both insurers and shipowners to make sustainable decisions, protecting the needs of both people and the environment in the long term.
Oliver Clark, Deputy CUO, Navium Marine
We are delighted to sign up as a Signatory to the Poseidon Principles for Marine Insurance (PPMI).
As a founding member of the Net-Zero Insurance Alliance with our vision to sustain our climate leadership position we are committed in our goal to support decarbonization of shipping.
Decarbonization is a shared responsibility , As a leading marine insurer we look forward to working with our clients and our fellow PPMI members to build on existing industry initiatives, drive action and realize positive impact.
Anne Marie Elder, Global Marine Chief Underwriting Officer, AXA XL
By joining this important initiative, we wish to demonstrate our deep commitment to working with our clients and business partners to successfully navigate the transition to a net-zero future.
Ben Abraham, Chief Executive Officer, Global Marine at WTW
Cefor is committed to promoting a more sustainable ocean industry, and supports the transparency offered by the Poseidon Principles for Marine Insurance to foster dialogue towards this common goal.
Helle Hammer, Managing Director of Cefor, the Nordic Association of Marine Insurers
EF Marine as a provider of Fixed Premium P&I Insurance is proud to be the first affiliate member from the P&I industry to join the Poseidon Principles for Marine Insurance. We take our role seriously in tackling sustainability issues arising from climate change and will work on embedding the Poseidon Principles for Marine Insurance in our business and encourage our clients to support the Poseidon Principles to achieve the climate goals to prevent the catastrophic climate changes facing the future generations and the world.
We will work as facilitators for providing guidance and advice to the insureds to minimise carbon emission and environmental impact and participating in this initiative is the first big step in this direction.
Folkert Strengholt, CEO of EF Marine
Corporate Social Responsibility is a must of our company philosophy. We feel that joining Poseidon Principles for Marine Insurance will enhance Cambiaso Risso ESG strategy and will be a step forward to achieve our goals.
Mauro Iguera, CEO, Cambiaso Risso Group
The international shipping industry is embarking on the single largest energy transition in modern times; the only way it can be achieved is together. The Poseidon Principles for Marine Insurance represent an important development in cross-party dialogue through the provision of a carbon reporting standard for insurers alongside a net-zero target. Lockton is proud to be a part of this work and I look forward to contributing our expertise in support of this initiative and our clients’ journeys towards a decarbonised future.
Alistair Rivers, Global Head of Marine Practice at Lockton
The existential threat of global warming needs to be addressed now and all of us at CTX want to be at the forefront of the vital changes that are urgently needed. Ships are by far the lowest impact way of transporting goods around the world, but the sheer size of the industry means carbon emissions need to be brought to the forefront of ship operators’ planning. The Poseidon Principles for Marine Insurance are the best way for us to make public our commitment to drive the change.
Dominic Ng, CEO, CTX Special Risks
The maritime sector is a key facilitator of global trade and commerce and we at Lochain Patrick understand the importance of addressing the climate impacts of the shipping industry. We believe that the introduction of the Poseidon Principles for Marine Insurance is a key initiative in the drive towards decarbonisation. We look forward to working with our clients and Insurers to implement and integrate effective and transparent standards and procedures to reflect our commitment to embedding the Poseidon Principles for Marine Insurance into our corporate philosophy and strategic development objectives.
Andrew Hills, Managing Director, Lochain Patrick Insurance Brokers
Gallagher is proud to join the Poseidon Principles for Marine Insurance and is committed to working closely with clients, and other stakeholders within the marine insurance sector, to support the shipping industry’s journey to achieving a net zero target.
Andrew James, Executive Director, Gallagher
We are delighted to be the first Asian marine hull insurance company to sign up for the Poseidon Principles for Marine Insurance (PPMI). Joining PPMI is aligned with Cosco Shipping Group and Cosco Shipping Captive’s strategy towards green shipping and green finance. We are happy and motivated to work with all stakeholders to promote marine de-carbonization and marine industry’s sustainable transition and growth.
Zheng Xiaozhe, Chairman of the Board, COSCO SHIPPING Captive Insurance
Lars Lange, Secretary General of IUMI