Aspens signs Principles for Responsible Investment

Bermuda’s Aspen has signed up to the United Nations-supported Principles for Responsible Investment (PRI). It sees Aspen commit to following six key principles to its investment policies, including seeking to incorporate ESG issues into investment analysis and decision-making processes; being active owners and incorporating ESG issues into ownership policies and practices; seeking appropriate disclosure on ESG issues by the entities in which it invests.

The complete list of principles can be found on the PRI website.

The move is part of Aspen’s ESG strategy to align with the United Nations Sustainable Development Goals (SDG). In 2020 it joined the United Nations Global Compact (UNGC) initiative, a voluntary leadership platform for the development and disclosure of responsible business practices; and last year, it became a voluntary signatory to the UN Principles of Sustainable Insurance (PSI).

Aileen Mathieson, Aspen’s chief investment officer, said: “The six Principles for Responsible Investment align closely with Aspen’s ESG strategy and will provide an important framework for factoring in ESG issues into our investment analyses, processes, policies and practices for those asset classes where we are able to do so.”

She added: “We look forward to growing investor interest in practising responsible investment in support of a more sustainable society and are excited to be partnering with the PRI and other signatories to enhance their effectiveness in implementing the principles.”

Bermuda-based mortgage re/insurer Essent Group is to acquire Agents National Title Holding Company and Boston National Holdings LLC from Incenter LLC, a Finance of America Companies subsidiary.