INSURANCE NEWS
Insurers See Themselves Shielded From Private Credit Worries
Top executives at some of Europe’s biggest insurance companies acknowledged widespread concern about private credit while seeking to reassure investors about their own investments in the asset class. Markets are worried “that when things don’t go well in the economy, …
EU Seeks G7 Coordination on Maritime Services Ban on Russian Seaborne Oil
The European Union needs to coordinate its plan to impose a full maritime services ban on Russia’s seaborne crude oil exports with other G7 countries before pushing ahead with the measure, the EU’s sanctions envoy said on Thursday. The European …
Root Inc. Reports Record 2025 Net Income as Policies Grow
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 …
King Risk Expands With Acquisition of Lewis Agency in Georgia
King Risk Partners, one of the largest U.S. agencies, with offices across the eastern half of the country, has acquired Georgia-based Lewis Insurance, an independent agency that writes personal and commercial coverage around the Southeast. Lewis, founded more than 30 …
Willis Launches Global Digital Infrastructure Group for Data Center Risks
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 …
People Moves: Former USAA CEO Named to Cotality Board; Chubb Names MacLean ESIS Division President; BHSI Promotes in Property
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. Peacock spent 36 years with USAA, becoming …
Safety Insurance Drove Up Net Income by 40% in 2025
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 …
Arthur J. Gallagher & Co. Acquires German Broker Krose GmbH & Co.
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 …
T. Rowe Among Signatories to Resurrected Net Zero Alliance
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, …
Majority of Companies Worldwide See AI Benefits; Coverage Vague: Survey
A recent survey of more than 1,200 global businesses found that as artificial intelligence adoption accelerates, 82% of respondents report positive impacts on their organizations. Global insurance brokerage Gallagher recently released its third annual AI Adoption and Risk Survey, which …
L’Oreal, Dyson, Bausch + Lomb Become Latest to Sue for Trump Tariff Refunds
French beauty group L’Oreal, British vacuum manufacturer Dyson and contact lens maker Bausch + Lomb became the latest corporations to sue for refunds of tariffs paid under President Donald Trump’s emergency trade measures, days after the U.S. Supreme Court ruled …
Florida Cabinet Approves Land Transfer for New Rays Stadium in Tampa
The Florida Cabinet and Gov. Ron DeSantis agreed Tuesday to give Hillsborough College a 22-acre (49-hectare) plot of state land in Tampa to use for a proposed ballpark for the Rays. Last month, the Rays ownership entered a memorandum of …