Robus has received the kitemark for the ESG framework created by the Guernsey International Insurance Association (GIIA) for both its protected cell company (PCC) and incorporated cell company (ICC).
The insurance management, fiduciary and financial advisory group provides development, management, restructuring, feasibility and licensing services to captives, insurers, reinsurers, ICCs, PCCs, insurance-linked securities and managing general agents.
Devised in July by the association and ESG benchmarking company ESI Monitor, the framework is designed to help member organisations manage their ESG opportunities and risks.
The framework requires an organisation to embed ESG principles within its decision-making and governance structures, as well as contribute its underwriting risks and investments towards achieving sustainable development goals. Companies must also publicly disclose how it meets these obligations.
Through an independent review, ESI Monitor recognises that Robus has successfully ensured that its two cell companies meet these requirements.
Adele Gale, director of Robus Guernsey and deputy chair of GIIA, explains that the framework is designed to bring about behavioural change.
“There is a strong desire within the industry to bring ESG discussions into the boardroom and our aspiration in creating this framework is to make those discussions accessible to all our Guernsey based reinsurers, managers and prospects.”
She adds: “I am delighted that Robus is leading by example and has received accreditation for its PCC and ICC.”
The kitemark was first awarded to an insurance entity when Dunant Re received the accreditation in September.
