BALI, Indonesia, Feb. 23, 2017 /PRNewswire/ -- XL
Catlin today announced the launch of a new $500,000 fund to support Early Career Scientists
undertaking research into the changing ocean environment.
The XL Catlin Ocean Risk Grants are the latest addition to XL
Catlin's Ocean Risk programme. They will be awarded to scientists
for final year BSc, Masters and PhD research.
The announcement demonstrates XL Catlin's commitment to working
with scientists to promote a better understanding of the threats to
ocean health, as well as their consequences for society, economies
and ecosystems around the world. Previously, XL Catlin has
partnered with researchers on a series of expeditions which
investigated changes in the ocean, including the Catlin Arctic
Survey, XL Catlin Seaview Survey and the XL Catlin Deep Ocean
Survey.
XL Catlin's Chief Experience Officer, Paul Jardine will be further supporting this
effort, attending The Economist's World Oceans Summit in
Bali between the 22-24 February.
Joining the panel on 'Assessing climate-change risk in the ocean',
Mr. Jardine will speak on the need for greater understanding about
ocean health from those within the risk management community.
Speaking ahead of the event, Mr. Jardine said: "Oceans have not
featured significantly in climate agreements, but they are driving
many changes which have impacts around the world. As re/insurers
we need to understand how the planet is changing, and we
acknowledge the need to increase the scale of research into our
marine environment. We recognise that ocean risks have a bearing on
some of the most important challenges of the 21st
century including food security, geopolitics, extreme weather and
many other areas. They are real concerns for business and
policymakers and they cannot be ignored. That is why it is critical
that we participate in ensuring the viability and sustainability of
investment in the ocean."
Continuing, Mr. Jardine said: "By supporting research by the
best young marine scientists we are investing in the future of
ocean science. Our Ocean Risk Grants represent an exciting new way
for us to fund primary research which can make a clear impact in
science, policy and beyond."
XL Catlin has a long history of investing in ocean science
working with important partners such as the Bermuda Institute of
Ocean Sciences (BIOS), the University of
Queensland, University of
Cambridge and University of
Oxford.
The research it funded has helped deepen understanding of the
dramatic sea ice loss in the Arctic, ocean acidification, ocean
warming, and ecosystem degradation. Extensive work on coral reefs
has created the most complete digital record of coral health that
is freely accessible at the XL Catlin Global Reef Record. A series
of research papers continues to be published by the scientists
involved in these expeditions.
About XL Catlin
XL Catlin is the global brand used by XL Group Ltd's (NYSE:XL)
insurance and reinsurance companies which provide property,
casualty, professional and specialty products to industrial,
commercial and professional firms, insurance companies and other
enterprises throughout the world. Clients look to XL Catlin
for answers to their most complex risks and to help move their
world forward. To learn more, visit xlcatlin.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/xl-catlin-announces-ocean-risk-grants-for-early-career-scientists-300412678.html
SOURCE XL Catlin