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Article 0 Comments The effects of climate change are intensifying but businesses globally are struggling to make transition plans that they can implement in the real world, according to a report released Wednesday by the London School of Economics and Political Science. The study of corporate climate performance looks at disclosures from 2,000 publicly traded companies, which together represent three-quarters of publicly listed equities worldwide and $87 trillion of market capitalization. The authors find that only 2% have disclosed plans to shift capital away from high-carbon assets or to align their spending with their long-term decarbonization goals. Recognition of climate change is far more common than not among the companies included. More than 95% have a policy commitment to act on climate. But only about 10% received the authors’ highest score for management quality, indicating that a company has begun to strategically integrate climate change into its business. And 22% failed on one or more of the following tests: to establish a climate policy, disclose operational emissions or set an emissions target. Corporations are expected to play a large role in decarbonizing the economy, but results so far have been lackluster. Some regions have disclosure requirements for emissions and transition...
Article 0 Comments U.S. President Donald Trump sued the New York Times, four of its reporters, and publisher Penguin Random House for at least $15 billion on Monday, claiming defamation and libel, and citing reputational damage, a Florida court filing showed. Trump’s suit cites a series of New York Times articles, one an editorial prior to the 2024 presidential election, which said he was unfit for office, and a 2024 book published by Penguin titled “Lucky Loser: How Donald Trump Squandered His Father’s Fortune and Created the Illusion of Success.” “Defendants maliciously published the Book and the Articles knowing that these publications were filled with repugnant distortions and fabrications about President Trump,” according to the filing lodged on Monday in the U.S. District Court, Middle District Florida. The New York Times and Penguin did not immediately respond to a request for comment outside regular business hours. The publications have harmed Trump’s business and personal reputation, thereby causing massive economic damage to his brand value and significant damage to his future financial prospects, Trump’s lawyers said in the filing. “The harm to the value of TMTG (Trump Media and Technology Group) stock is one example of how the Defendants’ defamation has...
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Strategic acquisition to extend AI capabilities across the digital roundtrip of insurance to reduce the time and cost incurred in the most critical insurance workflows Chicago, IL (Sept. 9, 2025) – Applied Systems is pleased to announce that it has acquired Cytora, the leading digital risk processing platform for the insurance industry, to accelerate Applied’s vision of delivering the Next Generation of the Digital Roundtrip of Insurance. Bringing the power of Cytora’s AI-enabled risk digitization platform, specifically built for the insurance industry, together with Applied’s leading suite of insurance solutions for agencies, carriers, and MGAs will create intelligent automation, connectivity, and collaboration at each stage of the policy lifecycle. The result of this combination will unlock growth and create significant productivity for all stakeholders in the industry. “At Applied, we are committed to being the leading specialist in insurance AI solutions for both agencies and carriers,” said Taylor Rhodes, chief executive officer, Applied Systems. “Cytora is the ultimate example of insurance-focused AI. Their commitment to leveraging advanced AI capabilities to accelerate and streamline the digitization, exchange, and prioritization of risk data between agents and carriers fits perfectly with our vision of the Digital Roundtrip of Insurance. Our collective technology assets,...
P&C premiums projected to grow in line with global GDP over the next decade, driven by rising natural catastrophe losses and asset accumulation, economic and litigation claims inflation pressures Maturing of the market characterised by entry of smaller players, outsourcing of underwriting and new ways of risk transfer Strong reinsurers and alternative risk solutions, such as captives and risk pools, enhance capacity, affordability and insurability for harder-to-cover risks Monte Carlo (Aug. 6, 2025) – The global P&C insurance market has doubled in size over the past 20 years to USD 2.4 trillion. Two decades of innovation resulted in broader access to coverage through a blend of conventional and alternative structures than 20 years ago, according to Swiss Re Institute’s latest sigma report. A growing number of smaller, specialised players drive efficiency gains, while robust reinsurers and alternative risk solutions help improve capacity in view of a riskier world. Jérôme Jean Haegeli, Swiss Re’s Global Chief Economist, says: “The rapid expansion of the P&C market is not only about scale, but also about greater capability and resilience. Insurers have become more efficient at pricing, managing and transforming risk, supporting capacity even in times of heightened uncertainty. At the same time, insurers...
Article 0 Comments This edition of International People Moves details appointments at AXA XL and Liberty Specialty Markets (LSM). A summary of these new hires follows here. AXA XL Promotes Smyth as Global Chief Underwriting Officer, Casualty AXA XL has appointed Donnacha Smyth as its global chief underwriting officer, Casualty, effective Nov. 3. Source: AXA XL LinkedIn Based in Bermuda, Smyth currently serves as head of Casualty for the Americas region. As part of his new global role, he will relocate to Ireland in 2026. In his new global casualty role, Smyth will work closely with regional CUOs to promote profitable growth, ensure underwriting consistency, and drive the development of innovative products. He will also oversee the professional growth of underwriters through targeted training and technical skill enhancement, ensuring the team adheres to the highest standards of quality, compliance, and best practices. Having over three decades of industry experience, Mr. Smyth has been with AXA XL since 2007. Since 2018, he has led the Americas Casualty team, overseeing the casualty practice in the insurer’s most profitable region, including primary risk management, excess risk management, multinational group captives, rail, and eight underwriting teams across the U.S. and Bermuda. He will continue...
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
/ ThinkAdvisor provides financial advisors, registered investment advisors and wealth managers with comprehensive coverage of the products, services and information they need to guide their clients in making critical wealth, health and life decisions.
