Specialist insurer Beazley is to offer clients that opt in to Marsh’s Environmental, Social and Governance Risk Rating global access to additional capacity through its Lloyd’s of London Syndicate 4321.

Launched in March, Marsh’s ESG Risk Rating tool measures ESG performance, with a goal to improving risks, as well as access to additional insurance market capacity.

Amy Barnes, head of climate and sustainability strategy, Marsh, said: “The ESG Risk Rating enables clients to take control of their ESG narrative and differentiate their organisations with insurers. The option of additional capacity from Beazley’s Syndicate 4321 is an important milestone in the development of the ESG Risk Rating, as we support clients in realising their ESG goals.”

Syndicate 4321 started underwriting in January 2022 and accepts D&O, healthcare, financial institutions, London Market US cyber, property, marine hull, marine cargo and aviation business.

Will Roscoe, head of portfolio underwriting, Beazley, commented: “Beazley’s ESG syndicate 4321 helps clients improve their ESG credentials and embed greater understanding of the risk profile of high scoring ESG businesses into our own underwriting. I am pleased that by adopting Marsh’s ESG Risk Rating tool, clients who are able to meet the criteria will benefit from access to additional capacity from syndicate 4321.”

Beazley says all premiums received by Syndicate 4321 are invested in line with its Responsible Investment Strategy.

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