Catlin Group Issues Statement on Climate Change Following IPCC Report

International specialty property/casualty insurer and reinsurer Catlin Group Ltd. issued a statement following the release earlier today of the Fifth Report by the Intergovernmental Panel on Climate Change (IPCC), a scientific intergovernmental body operating under the patronage of the United Nations.

Intended to guide multinational discussions and decisions, the Fifth Report on Climate Change summarizes the collective findings of the world’s leading climate scientists. The report is of note to insurers as it regards the potential consequences of climate change as “risks” — taking into account not only the potential impacts of climate change but also how governments, businesses and citizens can work to help minimize these risks.