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Bermudan insurers, reinsurers found to have better risk management against global warming

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In a recent report by Ceres on the insurance sector, Bermudan insurers achieved top rankings in accounting for climate change.

The members of Association of Bermuda Insurers and Reinsurers have addressed climate change in their policies since 2009. ABIR chief executive Brad Kading said these members are leaders in catastrophe reinsurance protection. Meanwhile, the Financial Times reported that the U.K. central bank has questioned the country's insurers about their risk management strategies against rising carbon levels.

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