Insuring the future of responsible marine insurance
The Poseidon Principles for Marine Insurance create a common global baseline that is consistent with and supportive of society’s goals to better enable insurers to assess and disclose their portfolio alignment. Seven of the 10 founding members of the Poseidon Principles for Marine Insurance are members of UN Environment Programme’s Principles for Sustainable Insurance Initiative (PSI) — i.e. Gard, Hellenic Hull Management/American Hellenic Hull Insurance Company, SCOR, Swiss Re, Willis Towers Watson, the Nordic Association of Marine Insurers (Cefor), and the International Union of Marine Insurance (IUMI). Of these seven PSI members, three are also members of the PSI’s Net-Zero Insurance Alliance — i.e. Hellenic Hull Management/American Hellenic Insurance Company, SCOR, and Swiss Re. Butch Bacani of the UN Environment Programme was one of the experts consulted in the development of the Poseidon Principles for Marine Insurance. The Poseidon Principles for Marine I...