Insurance market practitioners have teamed up with The Sustainable Markets Initiative and Resilient Cities Network to create a secondment programme that will see insurance professionals working with city leadership teams. The Global Risk and Resilience Fellowship Programme will place professionals with individual cities for between three and six months.

The first market professionals involved in the programme come from Howden and Beazley. They will be seconded to Glasgow (United Kingdom), The Hague (The Netherlands), Melaka (Malaysia), Surat (India), and Miami-Dade County (United States).

David Howden (pictured), chief executive officer at Howden, and member of the Sustainable Markets Initiative Insurance Task Force, said: “Today over 55% of the world’s population lives in urban areas, a proportion that is expected to increase to 68% by 2050. By working in partnership with those who are at the frontline of building urban resilience, the insurance industry has a real opportunity to be a powerful force in delivering a more sustainable future for all. I wish the Fellows the best of luck and I am excited to watch this partnership evolve.”

John Neal, CEO of Lloyd’s, and chair of the Sustainable Markets Initiative Insurance Task Force added: “Building resilience is central to the insurance industry’s role of helping businesses, government and society manage risk. But resilience isn’t only achieved by sharing risk, it also comes from knowledge transfer, collaboration and working together towards a common goal.

“This first of a kind fellowship, led by Howden and made possible by the collective effort of the Insurance Task Force, will pair the risk expertise of the global insurance industry, with those at the front lines of making our cities and society more resilient, creating a more sustainable future for all.”

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