Sustainable insurer Parhelion to launch with backing from Howden
The provider, which is targeting a $500m capital raise, says its ESG products will meet the risk financing needs of a greener economy.
Parhelion, claiming to be the world’s first fully sustainable insurer, is set to launch with backing from Howden Broking.
The provide stated that is targeting a capital raise of $500m (£353.7m) and is being advised by Howden Capital Markets and TigerRisk Capital Markets & Advisory.
A spokesperson for the business confirmed to Insurance Age that Parhelion, which aims to begin underwriting from 1 January 2022, will be working with brokers.
ESG
According to Parhelion, its Environmental, Social
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk or view our subscription options here: https://subscriptions.insuranceage.co.uk/subscribe
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@insuranceage.co.uk
More on Insurer
Zurich succeeds Accelerant in five-year £300m Jensten Underwriting capacity deal
Jensten Underwriting has signed a five-year deal for Zurich UK to become its ‘cornerstone capacity’ covering over £300m across property, casualty and motor.
Westfield Specialty launches UK and Europe liability portfolio
Westfield Specialty International has launched a UK and Europe liability portfolio to expand its casualty book, promising long-term and flexible partnerships with brokers.
IUA calls for clear cyber BI claims protocols
The International Underwriting Association has called for clear cyber insurance market protocols for business interruption claims.
Ex-Allianz MD Wright joins Policy Expert
Graham Wright has taken on the chief growth officer role at Policy Expert after less than two years at Allianz UK.
Oxbow maintains motor profit predictions after record-breaking year
Oxbow Partners has forecast a combined ratio of 95% for the UK motor market this year, staying profitable at 96% next year.
Liberty opens new proposition for retail sector
Liberty Specialty Markets has launched a bespoke proposition for mid to upper-midsized retail companies, flagging it is available via dedicated hubs in Manchester, Bristol and Dublin, supported by its London head office.
Aviva reveals further rise in prevented ghost broking fraud
Aviva detected more than 105,000 fraudulent insurance applications in 2025, with a growing proportion of this activity linked to ghost broking.
Hiscox highlights SMEs as it joins ChatGPT UK advert pilot
Hiscox UK has pointed to the changing “conversational” nature of insurance searches, including by SME owners, as it confirmed it is taking part in a pilot through agency partner Dentsu to explore advertising in ChatGPT.