Scor and Axa Form Lloyd's Consortium to Insure Ecological Restoration

French reinsurance and insurance groups Scor and Axa have joined forces to create a consortium at the Lloyd's of London market focused on insuring ecological restoration projects. The initiative is designed to reduce the investment risk associated with nature-recovery work, such as reforestation, wetland and habitat restoration, and other projects that aim to rebuild damaged ecosystems. Restoration projects often struggle to attract private capital because their outcomes can be uncertain and long-term, exposing investors and developers to risks including project failure, natural events and shortfalls in expected environmental benefits. By offering tailored insurance cover, the consortium seeks to make such projects more bankable, giving investors greater confidence and helping channel more funding into nature-based solutions. The move reflects growing interest among insurers in products that support climate adaptation and biodiversity, areas that are drawing increased attention from governments, companies and investors. It also underscores how the insurance industry is positioning itself not only to price and absorb climate-related risk, but to actively enable projects that address environmental degradation, potentially opening a new line of specialty business at scale.