• Climentum Capital Management ApS management warned climate risk is already being repriced by insurers, shifting from a sustainability issue to a financial stability concern.
• Munich Re reported USD 224 billion in global natural catastrophe losses for 2025, with USD 108 billion insured, leaving USD 116 billion uncovered.
• Management cited insurer pullbacks in California, Florida, Mediterranean coastal markets as evidence of tightening coverage, higher premiums, wider protection gaps.
• Climate risk could amplify systemic stress through physical, liability, transition channels, echoing Mark Carney’s “tragedy of the horizon” framework.
• Management framed adaptation investment as a core allocation theme, pointing to USD 1.3 trillion in listed-company physical risk exposure not priced in.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Climentum Capital Management ApS published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.