Zurich North America has established a new specialties business unit that will combine its construction, surety and financial lines operations under former head of construction Kelly Kinzer.

The Lloyd’s Market Association has announced a new focus on the North American market to reinforce Lloyd’s position with the region’s market participants.

Canada ended 2024 with its largest ever insured annual catastrophe loss bill of C$8.5bn ($5.9bn), newly released figures from CatIQ show.

Alternative risk transfer-focused MGU SRS Altitude has announced its expansion into the North American market with the addition of Milan Pavlik, Amazon's former captive director.

The number of large M&A deals increased by 36 percent in the second half of 2024 compared to the prior-year period, with WTW suggesting this resurgence has driven market momentum into 2025.

Ute Michaelsen will retire from her position as head of facultative for North America at Swiss Re on 31 March after 28 years with the reinsurance giant, The Insurer can reveal.

Although Canadian property reinsurance prices were expected to rise significantly after the country's worst ever year for catastrophe losses, outcomes showed some variation at 1.1 according to various reinsurance broker reports published since.

Arthur J Gallagher has acquired Waterloo, Ontario-based Encore Group, a retail broker focused on manufacturing, construction and financial institutions.

Augment Risk has appointed Steve McElhiney as partner of its newly-created captive and alternative risk transfer solutions unit.

Mapfre Re, the reinsurance arm of Spanish insurer Mapfre, has sponsored its first ever catastrophe bond, raising $125mn.