QBE North America aims to catalyze early-stage climate solutions via Possibilities Fund

ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, January 25 — QBE North America, a division of the Australian insurance giant, has launched a fund to offset risks and catalyze capital for early-stage climate solutions. ​​The Possibilities Fund taps philanthropic capital from  ImpactAssets’ donor-advised funds.

“Collaboration, partnerships and strategic capital allocation are essential to support early-stage climate innovations,” said QBE’s David Mulligan.

The impact fund’s first investments include Prime Coalition’s Azolla Ventures, QBE Possibilities Fund also backed ReGen Ventures, an Australian investor in regenerative food, agriculture and materials. “We partner with founders daring to build regenerative technologies that redefine critical systems such as food, agriculture, materials, buildings and nature-based decarbonization,” said ReGen’s Dan Fitzgerald.

Institutional impact

Insurance companies worldwide manage more than $41 trillion in assets. QBE’s Premiums4Good initiative allows customers to invest one-quarter of their insurance premiums in social infrastructure, impact bonds and environmental initiatives.

QBE’s venture arm has made several impact investments, including Save the Children’s Impact Fund, which invests in social enterprises addressing humanitarian challenges, and Australian Giant Leap’s second impact fund.