The facility, named Cyber Unity, will provide up to €5 million in primary cyber insurance capacity for businesses with annual revenues of up to €500 million

James Ferris takes over from Nick Frost, who will transition to the role of chairman

The new entity, Howden Re KSA, will be led by Motaz Bukhari as CEO and will offer treaty and facultative placements

Generali Employee Benefits (GEB) Network has partnered with AI technology provider Euphoric to enhance global employee benefits management

AXA will combine AXA Group and AXA XL ceded reinsurance operations to form a unified Ceded Re team, effective from 1 July

Leane Rafalko, director of captive management at CIC Services, has been elected to the board of directors of the Utah Captive Insurance Association for a three-year term

Headquartered in New York, the firm offers tailored solutions in tax insurance, representations and warranties insurance, litigation insurance, and contingent risk insurance

Cloete brings more than 30 years of leadership experience to the role, including expertise across insurance, healthcare and risk management

AM Best has affirmed the financial strength rating of ‘A-’ (Excellent) and the long-term issuer credit rating of ‘a-’ (Excellent) of Prism Assurance

David Schupak, director of global relationship management at MAXIS Global Benefits Network, is set to retire at the end of June after a 27-year career

Philippe Cotelle currently serves as a FERMA board member and works at Airbus Defence and Space

Aon has launched a new proprietary platform, Aon Broker Copilot, to modernise commercial insurance placement using AI, large language models and predictive analytics