News
Everest to sell Canadian retail insurance unit to Wawanesa
9+ hour, 55+ min ago (325+ words) Everest Group has entered into a definitive agreement to sell its Canadian retail insurance business, Everest Insurance Company of Canada (Everest Canada), to the Wawanesa Mutual Insurance Company (Wawanesa). The proposed disposal is part of Everest's stated shift away from…...
Oakbridge Insurance announces leadership transition
5+ hour, 44+ min ago (316+ words) Current CEO Robbie Smith will take on the position of executive chairman, with CFO Matt James replacing him as chief executive. Oakbridge Insurance has announced a series of leadership changes scheduled to take effect on 1 July 2026. Robbie Smith, currently president…...
NFP launches P&C group captive practice following Trinity Risk acquisition
2+ week, 5+ day ago (334+ words) NFP, a property and casualty (P&C) broker that is part of Aon, has launched a P&C (property and casualty) group captive practice after acquiring Trinity Risk Advisors. Trinity Risk Advisors is a captive brokerage operator based in Charlotte, North…...
WTW posts 41% decline in Q4 2025 profit
1+ mon, 2+ week ago (392+ words) Net income for 2025 reached $1.61bn (1.17bn), reversing a net loss of $88m from the prior year. WTW has reported net income of $736m in the fourth quarter of 2025 (Q4 2025), down 41% from $1.25bn in the previous year. Diluted earnings per share came in at $7.62, down 38% year-on-year, while…...
Inflexion sets up insurance broking platform via Ascend deal
2+ mon, 1+ week ago (304+ words) Inflexion has launched a new insurance broking platform with a cornerstone investment in Ascend Broking Group, based in Chelmsford, Essex, UK. The private equity firm is backing Ascend through its buyout vehicle, Enterprise Fund VI, which stood at "975m ($1.3bn) in 2024. The…...