Liberty Specialty Markets aligns capacity to support the energy transition and the Climate Transition Pathway (CTP) accreditation framework developed by Willis Towers Watson
September 02 2021 - 3:30AM
Willis Towers Watson (NASDAQ: WLTW), a leading global advisory,
broking, and solutions company, today announces that Liberty
Specialty Markets has aligned capacity to support the Climate
Transition Pathway (CTP) solution, an accreditation framework that
provides insurance companies and financial institutions with a
consistent approach to identifying businesses with robust low
carbon transition plans aligned to the Paris Agreement.
Liberty becomes the first major insurer to align
capacity to support CTP which is a best practice industry
accreditation model to help companies transition to a low carbon
economy. Companies achieving accreditation will have the
opportunity to access insurance capacity and capital to support
their orderly transition and help them meet their low-carbon
commitments.
Graham Knight, Global Head of Natural Resources,
said: “We are delighted that Liberty is supporting the CTP
solution. As part of our ongoing commitment to create innovative
solutions for a low carbon economy, we are supporting organisations
through an orderly transition to enable them to have continued
access to insurance as they transition and benefit from
a greater level of certainty around the future
availability of risk capacity, helping them deliver a more
sustainable future.”
Michael Gosselin, Chief Underwriting Officer –
Specialty, at Liberty Specialty Markets, said: “Climate and
environmental challenges continue, and all businesses are having to
review their sustainable credentials. We are delighted to be
collaborating with Willis Towers Watson on the Climate Transition
Pathway which will provide a best practice industry standard to
help businesses move to a more sustainable future.”
More information on Climate Transition Pathways can be found at
www.climatetransitionpathways.com.
About Willis Towers Watson
Willis Towers Watson (NASDAQ: WLTW) is a leading
global advisory, broking and solutions company that helps clients
around the world turn risk into a path for growth. With roots
dating to 1828, Willis Towers Watson has 45,000 employees serving
more than 140 countries and markets. We design and deliver
solutions that manage risk, optimize benefits, cultivate talent,
and expand the power of capital to protect and strengthen
institutions and individuals. Our unique perspective allows us to
see the critical intersections between talent, assets and ideas —
the dynamic formula that drives business performance. Together, we
unlock potential. Learn more at willistowerswatson.com.
Media contacts:Willis Towers
Watson - Sarah Booker +44 (0)7917
722040sarah.booker@willistowerswatson.com
Liberty Specialty Markets offers specialty and
commercial insurance and reinsurance products across key UK,
European, Middle East, US, Bermuda, Asia Pacific & Latin
America markets. We provide brokers and insureds with a broad
product range through both the Company and Lloyd’s markets and have
over 2,000 employees in approximately 60 offices.
At Liberty Mutual, we believe progress happens when
people feel secure. By providing protection for the unexpected and
delivering it with care, we help people embrace today and
confidently pursue tomorrow.
In business since 1912, and headquartered in
Boston, Liberty Mutual Insurance is the sixth largest global
property and casualty insurer based on 2020 gross written premium.
Liberty Mutual Insurance ranks 71st on the Fortune 100 list of
largest corporations in the U.S. based on 2020 revenue. As of
December 31, 2020, we had $43.8 billion in annual consolidated
revenue.
Liberty Mutual Insurance employs over 45,000 people
in 29 countries and economies around the world. We offer a wide
range of insurance products and services, including personal
automobile, homeowners, specialty lines, reinsurance, commercial
multiple-peril, workers compensation, commercial automobile,
general liability, surety, and commercial property.
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