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…
Author: Awais
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…
Northern Re’s recent $150 million capital raise marks a significant step in the expansion of its technology-enabled platform. According to the firm’s founding brothers, Anthony and Peter McKelvy, Northern Re is navigating a shift in the reinsurance landscape where investors are increasingly prioritising operational transparency over purely financial objectives.As casualty portfolios become more complex and reporting requirements grow heavier, Northern Re is positioning its unified technology platform as a critical bridge between traditional capacity and the evolving expectations of the insurance-linked securities (ILS) market. While the capital injection provides the necessary scale, the firm’s strategy is rooted in a fundamental…
A net zero alliance for asset managers has resurrected itself after shelving its work last year amid a wave of US defections. The Net Zero Asset Managers initiative now has more than 250 signatories, including Aberdeen Investments and Amundi SA, as well as the European and UK entities of T. Rowe Price Group Inc. and Wellington Management, according to a statement on Wednesday. NZAM suspended its operations in January 2025, announcing at the time that it would conduct a review to ensure it remained “fit for purpose.” That decision coincided with a mass exodus from net zero groups, with an…
A mutual life giant, a Florida homeowners’ specialist and a tech‑driven MGA platform all reported better 2025 numbers