Legal Guidance and Research / Experts / Simon Colvin
Simon Colvin#12791

Simon Colvin

Weightmans
I studied Environmental Biology before converting to Law. I have been fortunate enough to pursue a career primarily as an environmental lawyer for over 20 years. In that time I have worked at some great firms with some great people supporting clients with a diverse range of matters that have enabled me to keep my finger on the pulse of the ever changing environmental regulatory landscape at a global, European and UK level. I have been to the Court of Appeal a few times and have worked on some of the most high profile and significant issues and developments we have seen in the UK environmental arena. Highlights include working as part of the Broadway Initiative to support the development of the Environment Act 2021. I help to lead my firm’s ESG program and have been fortunate enough to help a number of clients with their holistic ESG frameworks, while also supporting them with their specific ESG needs. I regularly speak and publish articles on ESG topics and am proud to be a Fellow of IEMA.

Practice Area

Panel

  • Contributing Author

Qualified Year

  • 2003

Experience

  • Pinsent Masons (2008 - 2013)
  • Brabners (2006 - 2003)
  • Eversheds (2004 - 2005)
  • Brabners (2001 - 2003)

Membership

  • Law Society
  • UKELA
  • Fellow of IEMA
  • GAIL

Qualifications

  • BSc (Hons) (1999)
  • PGDip/LPC (2000/2001)

Education

  • St Andrew University (1995-1999)
  • College of Law (1999-2001)

1 Contributions by Simon Colvin

ESG risks, disclosures and liabilities for insurers, reinsurers and intermediaries: climate, transition and greenwashing exposures, prudential capital/ORSA, investment, litigation and D&O duties
PRACTICE NOTES
ESG risks, disclosures and liabilities for insurers, reinsurers and intermediaries: climate, transition and greenwashing exposures, prudential capital/ORSA, investment, litigation and D&O duties
This Practice Note highlights why (re)insurers and intermediaries must confront environmental, social and governance (ESG) risks. For direction on the ESG initiatives, regulations and legislation pertinent to (re)insurers and intermediaries, see Practice Note: ESG and insurance—essentials. Risk landscape Physical risks Losses linked to physical risk drivers, including weather, are insurable and can immediately impact insurance firms through elevated claims. Since the 1980s, the tally of recorded weather-related loss events has trebled, and, as a contributing element alongside other losses, inflation-adjusted insurance losses have risen by about US$45bn—from roughly US$10bn in the 1980s to around US$55bn in the past decade. The Committee on Climate Change (CCC)—an independent statutory body created in 2008 and charged with advising the UK government on climate change—observed that physical risks from flooding and coastal change are expected to grow, and that major flood events, such as Calder Valley in 2020, are more severe due to heavy, moisture-laden air currents. Flooding is widely regarded as the most material climate-related risk for insurers, because flood events can inflict substantial loss and damage on homes and businesses, increasing the likelihood of an insurance claim being made. In addition, structural shifts in the climate, such as persistent, recurring flooding events,...
Insurance & Reinsurance
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