BEN Appoints Dr. Ruy Carrasco to Board; Company to Debut Insurance AI Agent at Swiss Life Network Partners Conference in London

Rhea-AI Summary

Brand Engagement Network (NASDAQ:BNAI) has announced two key developments: the appointment of Dr. Ruy Carrasco to its Board of Directors and plans to showcase a new insurance AI Agent at the Swiss Life Network Partners Conference in London.

Dr. Carrasco, who has served as BEN's Chief Medical Informatics Officer since 2021, joined the board effective September 18, 2025. The company will demonstrate its new AI Agent for insurance workflows, developed in collaboration with Swiss Life, at the conference scheduled for September 23-25, 2025.

Additionally, BEN disclosed the mutual termination of its previously announced transaction with Cataneo, as reported in their September 17, 2025 Form 8-K filing.

News Market Reaction

-3.23% 1.5x vol

3 alerts

-3.23% News Effect

-3.0% Trough Tracked

-$429K Valuation Impact

$13M Market Cap

1.5x Rel. Volume

On the day this news was published, BNAI declined 3.23%, reflecting a moderate negative market reaction. Argus tracked a trough of -3.0% from its starting point during tracking. Our momentum scanner triggered 3 alerts that day, indicating moderate trading interest and price volatility. This price movement removed approximately $429K from the company's valuation, bringing the market cap to $13M at that time. Trading volume was above average at 1.5x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

WILMINGTON, Del., Sept. 19, 2025 /PRNewswire/ -- Brand Engagement Network, Inc. (Nasdaq: BNAI) ("BEN"), an innovator in human-like AI Agents for regulated industries, announced the appointment of Ruy Carrasco, M.D. to its Board of Directors, effective as of September 18, 2025. Dr. Carrasco, who has served as BEN's Chief Medical Informatics Officer since 2021, adds deep expertise in healthcare, informatics, and enterprise innovation to the Board.

"BEN is advancing with discipline and delivering with the global partners we've secured across the U.S., LATAM, and the EU," said Tyler Luck, Acting CEO, Co-Founder, and Head of Product. "With organizations including Swiss Life, MedAdvisor Solutions, Seven Visions – The Dvin, as well as partners in Latin America and South Africa, BEN is demonstrating the value of secure, compliant AI across insurance, financial services, healthcare & life sciences, hospitality, and media/retail. Our focus is execution, and that is exactly what we are doing."

Industry engagement. At the upcoming Swiss Life Network Partners Conference in London on September 23–25, 2025, BEN is showcasing a new AI Agent for insurance workflows, developed with Swiss Life. The demonstration marks a significant milestone in applying BEN's technology to enterprise-scale insurance operations.

Transaction update. As disclosed in BEN's Form 8-K filed with the SEC on September 17, 2025, the previously announced transaction with Cataneo was mutually agreed to be terminated. BEN respects Cataneo and its co-founders and appreciates their engagement.

Under Tyler Luck's leadership, BEN is executing with focus and discipline, applying its secure AI platform to enterprise workflows in regulated industries.

About Brand Engagement Network (BEN)
Brand Engagement Network, Inc. (Nasdaq: BNAI) builds human-like AI Agents that enable enterprises to move from conversation to compliant action. BEN's Engagement Language Model (ELM™) with retrieval-augmented generation operates in secure, closed-loop deployments grounded in customer-approved data. BEN's multimodal AI spans chat, voice, and lifelike avatars across web, mobile, kiosks, and embedded systems. The Company serves enterprises in insurance, financial services, healthcare & life sciences, hospitality, and media/retail.

Forward-Looking Statements
This press release includes "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially due to risks and uncertainties described in BEN's SEC filings, including its Form 10-K for the year ended December 31, 2024, and subsequent filings, available at www.sec.gov. BEN undertakes no obligation to update forward-looking statements.

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SOURCE Brand Engagement Network, Inc. (BEN)

FAQ

Who is Dr. Ruy Carrasco and when did he join BNAI's Board of Directors?

Dr. Ruy Carrasco, who has served as BEN's Chief Medical Informatics Officer since 2021, was appointed to BNAI's Board of Directors effective September 18, 2025.

What will BNAI showcase at the Swiss Life Network Partners Conference 2025?

BNAI will demonstrate a new AI Agent for insurance workflows, developed in collaboration with Swiss Life, at the conference in London on September 23-25, 2025.

What happened to BNAI's transaction with Cataneo?

The previously announced transaction between BNAI and Cataneo was mutually agreed to be terminated, as disclosed in BEN's Form 8-K filed on September 17, 2025.

Which global partners is BNAI currently working with?

BNAI is working with partners including Swiss Life, MedAdvisor Solutions, Seven Visions – The Dvin, as well as partners in Latin America and South Africa across various regulated industries.