The chief executive officer of Lloyd’s, John Neal, is to leave the insurance marketplace this year to join Aon as global CEO of reinsurance and global chairman of climate solutions. During his six years at Lloyd’s, Neal led a reset in the strategic direction of the world’s largest insurance marketplace. He also set up Lloyd’s strategic agenda to deliver digital, operational and cultural change at the Leadenhall institution.

HealthKey has announced its first major partnership with UK construction accreditation body, Veriforce CHAS. The healthtech platform offers a suite of services, including virtual GP consultations, physiotherapy, preventative care and mental health support.

Commercial property insurer, FM has announced its acquisition of excess and surplus insurance provider Velocity Specialty Insurance Company. With the increasing frequency and severity of secondary perils and other emerging risks, businesses are seeking E&S coverage for risks that traditional insurance is less likely to cover.

DARAG Group and Wefox Insurance AG have announced the transfer of a run-off portfolio, including motor damage and third party liability, private liability and property business across Germany, Italy and Switzerland. The transfer of the portfolio is related to the previously announced sale of Wefox Insurance AG to a group of Swiss companies led by BERAG.

McGill and Partners has launched a new AI-powered war risk reinsurance facility for commercial property in Ukraine. The new offering leverages Lloyd’s Lab insurtech, FortuneGuard’s technology to assess the likelihood of war damage and to support risk presentation, analysis and underwriting.

Moody’s has announced its acquisition of Ai-powered geospatial insight provider, Cape Analytics. Cape Analytics creates property intelligence analytics through computer vision, machine learning and geospatial imagery, providing immediate, detailed risk assessments for properties on an individual address basis throughout the US, and in large parts of Canada and Australia.