Insurers are getting increasingly worried about the perils of climate risk after a run of natural disasters, according to a report by BlackRock Inc. The big majority of insurers now see climate as an investment risk and are positioning portfolios accordingly, Charles Hatami, Global Head of the Financial Institutions Group and Financial Markets Advisory at BlackRock said. For its survey, BlackRock spoke with 362 executives at insurance companies representing $27 trillion in investable assets across 26 markets. As many as 95% of insurance executives who took part in study confirm that climate risk will have a major impact on how they build their portfolios over the next two years. While geopolitical risk remains the top concern for insurers, more than one in three respondents now see environmental concerns as a potential headwind, the survey showed. Other major themes for insurers this year include the growing emphasis on sustainability and […]