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Alliant Insurance promotes Martin Newman to lead Energy Operations
The promotion adds operational duties for Alliant's energy practice, including support for integrating acquisitions and building talent amid shifting power-risk conditions for insurers.
Alliant Insurance Services has promoted Martin Newman to managing director, Energy Operations, within Alliant Property and Casualty, effective in Dallas. Newman will retain his existing production responsibilities while taking on a broader mandate for the firm’s energy practice, working with Alliant Energy leadership on growth, client service and capability building across the sector, according to Insurance Business.
The outlet said Alliant frames the expanded role as going beyond day-to-day client work, with Newman expected to help integrate strategic acquisitions, recruit and retain talent, and bring together the company’s expertise and relationships to address energy-insurance needs. Alliant Property and Casualty President Michael Cusack tied the appointment to serving more complex energy risk exposure.
Insurance Business also connected the promotion to the evolving underwriting environment in the power market this year. The report cited S&P projections that data centers could account for about 14% of US power demand by 2030, up from 5% in 2025, and noted grid stress during the July 4th weekend heat wave that led PJM Interconnection to a projected peak load above 162,000 megawatts, with the US Department of Energy authorizing curtailment of data center load.
The article further pointed to higher wholesale electricity costs on PJM, saying prices averaged $136.53 per megawatt-hour in the first quarter of 2026, up 76% year over year, underscoring the tougher conditions facing energy risk underwriting that Alliant’s energy leadership will help navigate.