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The holding company’s approval from regulators means that Dale Underwriting Partners Syndicate 1729 can migrate from Asta to Dale’s own new managing agency.

The prospect of a $1bn new cyber reinsurer is a huge development for the market. It is also a brave move.

CFO Christa Davies will also take responsibility for Aon Business Services as Simon transitions to the industry.

The UK and Ireland saw the most deals, with a total of 62 transactions being completed in the second quarter of 2022.

North American companies also pay executives more relative to company size than European rivals.

Despite the uncertainty surrounding the conflict, rates in the airline all-risk market remain flat.

Kevin Rehnberg, who has been out on leave for health reasons since March 2022, is stepping down from the top role and the board of directors.

In terms of revenues, the highest ranked MGA in Insuramore’s survey was Brown & Brown, closely followed by Gallagher, Ryan Specialty, Amwins and Truist.

Wendy Peters’ decision comes in the wake of several senior changes within the WTW PV and terror team.

The carrier’s CFO emphasised that any future loss predictions from the ongoing conflict would be “highly speculative”.