Zurich North America has announced key leadership changes in its Direct Markets and Crop businesses, with Jason Meador appointed Head of Direct Markets as Vince Santivasi retires.

Consilium, the global speciality re/insurance broking business of the Aventum Group, has launched its new Lloyd’s-backed Cargo Stock Throughput offering, and has appointed Jack Cooper as Senior Partner.

Bermuda-headquartered insurer and reinsurer Arch Capital Group Ltd. has reported an 8.9% increase in group-wide gross premiums written (GPW) to $6.5 billion for the first quarter of 2025, compared to $5.9 billion last year, as the firm’s combined ratio deteriorated to 90.1% on higher catastrophe losses driven by the California wildfires.

As reinsurance market conditions remain favourable after the 1.1 2024 renewals, Bermuda-based re/insurer Arch Capital is predicting further improvement in its loss ratio as well as growth opportunities in the property catastrophe reinsurance market.

Earnings pressure and ongoing uncertainty around the impact of climate change is reducing the appetite for underwriting property catastrophe reinsurance business, says the newest edition of Aon’s Reinsurance Aggregate (ARA).

Munich Re, one of the world’s largest reinsurance companies, has confirmed its annual guidance of €6 billion for the 2025 financial year, after generating an improved net result for both the third quarter and first nine months of the year, with a strong performance across the business.