{"id":4192,"date":"2022-04-27T12:36:49","date_gmt":"2022-04-27T10:36:49","guid":{"rendered":"https:\/\/www.poseidonprinciples.org\/insurance\/?p=4192"},"modified":"2022-04-27T14:06:30","modified_gmt":"2022-04-27T12:06:30","slug":"lockton-joins-the-poseidon-principles-for-marine-insurance-as-affiliate-member","status":"publish","type":"post","link":"https:\/\/www.poseidonprinciples.org\/insurance\/news\/lockton-joins-the-poseidon-principles-for-marine-insurance-as-affiliate-member\/","title":{"rendered":"Lockton joins the Poseidon Principles for Marine Insurance as Affiliate member"},"content":{"rendered":"

[et_pb_section fb_built=”1″ _builder_version=”4.14.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_row _builder_version=”4.14.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.14.1″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.14.1″ _module_preset=”default” global_colors_info=”{}”]<\/p>\n

The world’s largest privately-held insurance brokerage firm commits to supporting the global framework for responsible marine insurance.<\/em><\/p>\n

Copenhagen, 27 April 2022 <\/b>\u2013 The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the carbon footprint of insurers\u2019 shipping portfolios. The voluntary emissions disclosure framework provides Signatories with actionable guidance on engaging with clients, enables them to improve decision-making at a strategic level, and allows them to incentivize responsible environmental behavior throughout the maritime value chain. <\/span><\/p>\n

\u201cThe international shipping industry is embarking on the single largest energy transition in modern times; the only way it can be achieved is together.\u00a0 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\u2019 journeys towards a decarbonised future,\u201d <\/em>\u00a0said Alistair Rivers, Global Head of Marine Practice at Lockton<\/strong>.<\/p>\n

Brokers, clubs, and other critical stakeholders in marine insurance can join the Poseidon Principles for Marine Insurance as Affiliate members. In doing so, brokers commit to supporting the initiative, for example by helping facilitate knowledge sharing between Signatories and clients on the framework\u2019s data collection requirements.<\/p>\n

\u201cI am<\/em> delighted that the Poseidon Principles for Marine Insurance continue to grow. All maritime stakeholders have the power and responsibility to do their part in shipping\u2019s green transition. I welcome Lockton\u2019s commitment to supporting insurers and their clients on this journey<\/em>,<\/em>\u201d added Patrizia Kern, Head Marine at Swiss Re Corporate Solutions and Chair of the Poseidon Principles for Marine Insurance drafting committee<\/strong>.<\/p>\n

Signatories measure their climate alignment scores against the IMO\u2019s ambition for GHG emissions from international shipping to peak as soon as possible and to reduce total annual GHG emissions by at least 50% by 2050 compared to 2008. As a step toward alignment with the Paris Agreement, the Poseidon Principles for Marine Insurance also measure underwriting portfolios against a 100% by 2050 CO2 reduction trajectory.<\/p>\n

Lockton joins Willis Towers Watson<\/strong>,\u00a0Cefor<\/strong>, EF Marine, <\/strong>and Cambiaso Risso<\/strong> as the fifth Affiliate member of the Poseidon Principles for Marine Insurance.<\/p>\n

Swiss Re Corporate Solutions<\/strong>,\u00a0Gard<\/strong>,\u00a0Hellenic Hull Management<\/strong>,\u00a0SCOR<\/strong>,\u00a0Victor Insurance<\/strong>,\u00a0Norwegian Hull Club,\u00a0<\/strong>and\u00a0Fidelis Insurance <\/strong>have signed up as Signatories.<\/p>\n

International Union of Marine Insurance<\/strong>\u00a0is a supporting partner.<\/p>\n

Other responsible actors within the maritime insurance space are invited to join.<\/p>\n

 <\/p>\n

About Lockton<\/strong><\/span><\/h3>\n

What makes Lockton stand apart is also what makes us better: independence.\u00a0 Lockton\u2019s private ownership empowers its 8,500 Associates in over 125 countries to focus solely on clients\u2019 risk and insurance needs.\u00a0<\/p>\n

With 400 Marine specialists connected around the globe, Lockton Marine advises on Hull, P&I, Liability and Cargo exposures across all segments of the maritime industry \u2013 including offshore, logistics, ports and terminals, cruise and passenger, bulk and commodity traders and construction. Lockton delivers the team and the partnership needed to accomplish remarkable results.<\/p>\n

 <\/p>\n

About the Poseidon Principles for Marine Insurance<\/strong><\/span><\/p>\n

The Poseidon Principles for Marine Insurance are a framework for measuring and reporting the alignment of insurers\u2019 shipping portfolios with climate goals. Recognizing insurers\u2019 role in promoting responsible environmental stewardship throughout the maritime value chain, the Poseidon Principles for Marine Insurance provide them with tools to foster collaboration with clients, gain insight to enhance strategic decision-making, and address the impacts of climate change.<\/p>\n

The Poseidon Principles for Marine Insurance are built on four principles \u2013 Assessment of climate alignment, Accountability, Enforcement, and Transparency \u2013 which they share with the Poseidon Principles for Financial Institutions<\/a> and the Sea Cargo Charter<\/a>. Established under the auspices of the Global Maritime Forum<\/a>, the three initiatives aim to increase the transparency of environmental impacts within global seaborne trade, promote industry-wide change, and support a better future for the industry and society.<\/p>\n

For more information<\/strong>, please visit www.poseidonprinciples.org\/insurance<\/a><\/p>\n

Media contact<\/strong>: Tina Maver | Communications Manager | +45 3114 1634 | tm@globalmaritimeforum.org<\/a><\/p>\n

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The world’s largest privately-held insurance brokerage firm commits to supporting the global framework for responsible marine insurance. Copenhagen, 27 April 2022 \u2013 The Poseidon Principles for Marine Insurance are a global framework for measuring and publicly reporting the carbon footprint of insurers\u2019 shipping portfolios. 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