Robus gets Guernsey ESG kitemark for its PCC and ICC structures

Robus gets Guernsey ESG kitemark for its PCC and ICC structures

Robus, an insurance management, fiduciary and financial advisory company that becomes part of the wider Ardonagh insurance coverage and reinsurance Group, has actually received a green ESG kitemark accreditation for both its Protected Cell Company (PCC) and Incorporated Cell Company (ICC). The green kitemark has actually been accredited under the Environmental, Social and Governance (ESG) Framework developed by the Guernsey International Insurance Association (GIIA).
Guernsey had stated in 2015 that it desired to provide a green kitemark for insurance-linked securities (ILS) structures transacting there, making it possible for ILS companies to request the capability to verify the ecological, social and governance (ESG) qualifications of an arrangement.
Robus protected cell and incorporated cell structures are the first to accomplish this it appears.
Robus stated that it has actually worked to guarantee its cell business satisfy the criteria described within the Guernsey ESG Framework, including that its accreditation has also been separately reviewed by ESI Monitor, a Guernsey based ESG benchmarking company.
The GIIA ESG Framework utilizes ESI Monitor to provide an independent evaluation of members and give the kitemark to those meeting its criteria.
Adele Gale, Director of Robus Guernsey and Deputy Chair of the GIIA, has actually likewise contributed in working to develop the ESG Framework.
Gale commented, “What the structure looks for to achieve is behavioural change. There is a strong desire within the market to bring ESG conversations into the boardroom and our aspiration in producing this structure is to make those conversations accessible to all our Guernsey based (re) insurance providers, supervisors and potential customers. I am delighted that Robus is leading by example and has actually gotten accreditation for its PCC and ICC.”
Environmental, Social and Governance (ESG) an increasing location of focus across insurance-linked securities (ILS), reinsurance and more broadly the business world, Robus cell structures now have a level of accreditation that may show appealing for those looking to comply with ESG standards.
Robus PCC and ICC structures can be utilized to structure investment items, hold properties, and also as a Special Purpose Vehicle (SPV) for securitisation deals, consisting of insurance-linked securities (ILS) and collateralised reinsurance.
Robus ended up being part of the broader Ardonagh Group last year, when handling basic representative Geo Underwriting gotten the insurance coverage manager.
ESG investing and the opportunities it presents are a growing focus for the insurance-linked securities (ILS) market. Learn more of our insights on this subject here.

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