Gerald Chen-Young, principal, GCY Associates; Dan Topping, CIO, BP Marsh
The re/insurance industry is often accused of lagging when it comes to embracing ESG issues, but there are good reasons for its caution, around investments and underwriting.
If you want to know why re/insurers haven’t made more progress incorporating environmental, social and corporate governance (ESG) issues into investments and underwriting, Gerald Chen-Young may have the answer.
As he put it: “In Jamaica, we have a saying that there is no need to make the bed when the house is on fire.”
Chen-Young was born in Washington DC but raised in the Caribbean. Today he is principal at GCY Associates, a specialist in global institutional investment management, consulting and advisory. Its chief investment officer, he also serves on various boards, including those of insurers and the US National Public Pension Fund Association.
GCY Associates, AM Best, BP Marsh, Investing, ESG, Climate Change, Insurance, Reinsurance, Gerald Chen-Young, Jessica Botelho-Young, Dan Topping, Global