With the expiration of the Affordable Care Act (ACA) Marketplace’s enhanced premium tax credits as of December 31, 2025, the average ACA enrollee who received a premium tax credit faces a doubling of their premium payments for the same plan. Older adults, who make up a large share of Marketplace enrollees, are disproportionately affected by the loss of enhanced premium tax credits. About one-third of all Marketplace enrollees (8 million people) were between ages 50 and 64 in 2023 (the most recent year of data available), constituting a sizeable portion of those purchasing Marketplace plans. The number of people with…
Author: Awais
The secondary market for catastrophe bonds alternated between extended periods of low trading volume and flurries of more active turnover in 2025. However, according to Swiss Re Capital Markets, the market remained relatively “bid-heavy” throughout the majority of the year, with limited offers and tightening spreads reflecting a sellers’ market characterised by excess capacity.In its latest ILS Market Insights report, Swiss Re Capital Markets noted that the level of TRACE activity in 2025 showcased how secondary turnover remained subdued throughout large parts of the year before activity began to pick up episodically during periods where primary issuance and portfolio’s began…
Root Inc. reported a fourth quarter 2025 net income of $5.3 million compared with net income of $22.1 million for the same period in 2024 but ended the year with record net income of $40.3 million, a 30% jump compared with $30.9 million for full-year 2024. In a letter to shareholders, Root said the decrease in income “reflect deliberate investments in partnership acquisition and direct R&D marketing, as well as a modest increase in loss ratio due to elevated seasonality.” For Q4, Root Inc, the parent of insurtech Root Insurance, booked a combined ratio of 99.7 compared with 91.5 for…
Willis, a WTW business, said it has started a Global Digital Infrastructure Group to be led by Alastair Swift, head of Willis Global Specialties. The announcement comes on the heels of a newly unveiled data center risk management framework. The new team has been established to redefine and address the risks facing data center owners, operators, contractors, and hyperscalers worldwide across multiple geographies and sectors such as construction, energy, technology and cyber, real estate, supply chain, data analytics, risk engineering and financial as well as emerging risks. The team will provide insights to deliver customized, end-to-end advisory and risk solutions…
Quebec’s Desjardins Group wants to expand further in the rest of Canada, its top executive said, an ambition that means it needs to make deals and add staff in wealth management and capital markets. The financial co-operative is flush: it has more than C$4 billion ($2.9 billion) of available capital after a year in which surplus earnings — a measure of profitability before member dividends — rose 14% to C$3.8 billion. “Scale is important when you look at the level of investment you need to do, whether it’s in artificial intelligence, security, digital transformation,” Chief Executive Officer Denis Dubois said…
Safety Insurance Group, Inc. reported that net income for the full year 2025 was $99.3 million compared to net income of $70.7 million for the 2024, a 40% increase. Net income for the quarter ended December 31, 2025 was $20.1 million compared to net income of $8.1 million for the comparable 2024 period — a increase of almost 150%.. In 2025, Safety achieved a combined ratio of 99.0% for the full year compared to 101.1% from the prior year. “The year-over-year improvement in combined ratio reflects the impact of our prior year growth in policy counts and rate increases earning…
EPIC’s Kevin Daley says cyber and umbrella limits dominate HNW liability conversations
COLUSA, Calif. — Early on, Jean Franklin got some career advice she followed religiously: “Pay yourself first.” So she did, socking away hundreds of thousands of dollars in retirement savings by the time she became a stay-at-home mom at age 41. She and her husband, Charles, a former high school teacher who goes by Chaz, planned to retire comfortably in the three-bedroom house where they raised their kids about 60 miles northwest of Sacramento. But early last year, the 63-year-old became unsteady on her feet. One morning in May, she woke up with slurred speech and landed in the hospital,…
Cotality Appoints Former USAA CEO Peacock to Board Property information and analytics provider Cotality said it appointed former USAA chief executive Wayne Peacock as an independent member of its board, effective Feb. 18. Wayne Peacock Peacock spent 36 years with USAA, becoming CEO in 2019. He led USAA through a period of accelerated digital transformation, operational modernization, and economic disruption. Related: USAA President, CEO Peacock Retiring “Wayne’s depth of experience and his track record leading teams through technology transformation in complex industries will be a strong addition to our board,” said Patrick L. Dodd, president and CEO of Irvine, California-based…
Arthur J. Gallagher & Co., the Rolling Meadows, Illinois-based insurance broker, announced the acquisition of Bremen, Germany-based Krose GmbH & Co KG (Krose). Terms of the transaction were not disclosed. Founded in 1920, Krose provides commercial insurance and reinsurance solutions for corporate clients across Germany and specializes in the design and placement of complex programs. Krose’s team of risk professionals across property, casualty, cyber, marine, D&O and alternative risk solutions will become part of Gallagher’s brokerage operations in Europe. “Krose is a highly regarded firm which brings deep market expertise to complement our existing capabilities as we continue to expand…
A former insurance agent has been charged with pocketing more than $100,000 of premiums. Andre De Gazon, 56, of Bellflower, was arraigned this week in Orange County Superior Court on multiple felony counts of grand theft and embezzlement after allegedly using his license to pocket more than $100,000 of unremitted insurance policy premiums from victims. An investigation by the California Department of Insurance was reportedly launched after a complaint was filed by one of De Gazon’s victims. The brokerage became aware of a problem when the managing general agent for their insurance carrier notified them that their premium payment was…
Delos Insurance Solutions made several promotions and appointments within its leadership team Shanna McIntyre Co-founder Shanna McIntyre will move from chief data officer to become chief strategy officer, and Andrew Notohamiprodjo was promoted from head of data to chief data officer. Andrew Notohamiprodjo Valencia Jones joins as head of Delos’ brokerage distribution from Nationwide where she was associate vice president of sales. Jones is responsible for leading Delos field and internal sales managers and oversees large brokerage and aggregator relationships. Alexandra Howe is Delos’ new director of carrier and enterprise relationships. She moves from Goosehead Insurance where she was carrier…
A federal judge has dismissed a lawsuit filed by New York City’s former interim police commissioner that accused the previous mayor, Eric Adams, and his top deputies of operating the New York Police Department (NYPD) as a “criminal enterprise.” The racketeering lawsuit was originally filed in July by Thomas Donlon, a longtime FBI official appointed by Adams to stabilize the scandal-scarred police department. Instead, Donlon said he encountered “systemic corruption and criminal conduct” enabled by Adams and his allies, who routinely inflated overtime, blocked internal investigations and punished whistleblowers. In a ruling Wednesday, Judge Denise Cote said the alleged misconduct…
After a massive sewage spill in the Potomac River outside Washington, DC attracted the ire of President Donald Trump, federal officials are taking on a larger role in the disaster response — a job that could last months. The spill began on Jan. 19, when a section of DC Water’s Potomac Interceptor sewer line in Maryland broke. That sent more than 200 million gallons of raw sewage rushing into the river over several days, an amount larger than the oil spilled in the 2010 Deepwater Horizon disaster. While emergency repairs to the broken line could be completed by mid-March, there’s…