Conference will gather top decision makers of the insurance
industry and senior government officials to discuss infrastructure
investments that support both economic and environmental
goals
TORONTO, Sept. 4, 2018 /CNW/ - Two of Canada's leading insurance providers, Intact
Financial Corporation and Sun Life Financial, will co-host a global
forum on climate-resilient critical infrastructure in Toronto on September
18, 2018. This high-level event "Pathways to
Climate-Resilient Decarbonized Critical Infrastructure in the
21st Century" is organized by The Geneva Association,
the leading international think tank of the insurance industry.
![Intact Financial Corporation (CNW Group/Intact Financial Corporation) Intact Financial Corporation (CNW Group/Intact Financial Corporation)](https://mma.prnewswire.com/media/738272/Intact_Financial_Corporation_Intact_Financial_Corporation__Sun_L.jpg)
Notable participants include Patricia
Espinosa, Executive Secretary of the United Nations
Framework Convention on Climate Change; Joaquim Levy, Managing Director and CFO of the
World Bank Group; Masamichi Kono,
Deputy Secretary General of OECD; Mami Mizutori, Assistant
Secretary-General and Special Representative of the UN
Secretary-General for Disaster Risk Reduction; Tiff Macklem, Chair
of Canada's Expert Panel on
Sustainable Finance and Dean of the Rotman School of Management;
and Pierre Lavallée, President and CEO of the Canada Infrastructure
Bank.
"It is important that we work together towards a common goal –
that all levels of government implement standards and building
codes to encourage resilience and continue to boost infrastructure
spending. Economic resilience requires climate resilience –
insurable losses in Canada have
more than doubled every five to 10 years since the 1980s. We need
to build our communities right the first time to ensure a
prosperous future for everyone," said Charles Brindamour, Chief Executive Officer of
Intact Financial Corporation.
"Public-Private partnerships are vital to investment in critical
infrastructure such as energy, transportation and water," said
Dean Connor, President & CEO of
Sun Life Financial. "The required infrastructure investment is well
beyond the capacity of the public sector alone. Private sector
players like Sun Life are well positioned to mobilize private
capital to create infrastructure that supports economic growth, job
creation and quality of life, while responding to climate
change."
"A focus of The Geneva Association's research is to facilitate
the assessment of climate risk on critical infrastructure and
encourage its due consideration in the corresponding investment
decisions," said Anna Maria D'Hulster, Secretary General of The
Geneva Association. "Solving the global infrastructure challenge
requires coordinated multi-stakeholder action to contribute to
limiting climate change to a 2°C scenario."
Participants at the forum will engage in discussions on critical
infrastructure, prioritizing climate change mitigation and
adaptation, challenges and opportunities for scaling up private
investments in climate-resilience, and the insurance industry's
role as underwriters, risk managers and investors.
Other invited guests include government officials and
politicians, chief investment officers and chief risk officers from
the global re/insurance and financial sectors, as well as senior
officials of international development banks and the United
Nations.
About The Geneva Association
The Geneva Association is
the leading international insurance think tank for strategically
important insurance and risk management issues. The Geneva
Association identifies fundamental trends and strategic issues
where insurance plays a substantial role or which influence the
insurance sector. Through the development of research programmes,
regular publications and the organisation of international
meetings, The Geneva Association serves as a catalyst for progress
in the understanding of risk and insurance matters and acts as an
information creator and disseminator. It is the leading voice of
the largest insurance groups worldwide in the dialogue with
international institutions. In parallel, it advances— in economic
and cultural terms—the development and application of risk
management and the understanding of uncertainty in the modern
economy.
The Geneva Association membership comprises a statutory maximum
of 90 chief executive officers (CEOs) from the world's top
insurance and reinsurance companies. It organises international
expert networks and manages discussion platforms for senior
insurance executives and specialists as well as policymakers,
regulators and multilateral organisations.
Established in 1973, The Geneva Association, officially the
'International Association for the Study of Insurance Economics',
is based in Zurich, Switzerland
and is a non-profit organisation funded by its Members.
About Sun Life Financial
Sun Life Financial is a
leading international financial services organization providing
insurance, wealth and asset management solutions to individual and
corporate Clients. Sun Life Financial has operations in a number of
markets worldwide, including Canada, the United
States, the United Kingdom,
Ireland, Hong Kong, the
Philippines, Japan,
Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of June 30,
2018, Sun Life Financial had total assets under management
of $986 billion. For more information
please visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
About Intact Financial Corporation
Intact Financial
Corporation (TSX: IFC) is the largest provider of property and
casualty (P&C) insurance in Canada and a leading provider of specialty
insurance in North America, with
close to $10 billion in total annual
premiums. The Company has over 13,000 full- and part-time employees
who serve more than five million personal, business, public sector
and institutional clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the
Intact Insurance brand through a wide network of brokers, including
its wholly-owned subsidiary BrokerLink, and directly to consumers
through belairdirect. In the U.S., OneBeacon Insurance Group, a
wholly-owned subsidiary, provides specialty insurance products
through independent agencies, brokers, wholesalers and managing
general agencies.
SOURCE Intact Financial Corporation