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
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