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Slew of airline accounts move as aviation broking talent war continues

As many as 11 accounts have moved in recent weeks among major and start-up brokers.

Manders among trio of marine and specialty underwriters leaving Validus Re

Manders had been with the company since its launch in 2005

QBE makes Pryce interim CEO during search for Regan replacement

Former international CEO delays retirement to fill top job gap, as Harris takes his role.

The Week in 90 Seconds: A glimpse at 1.1; aviation deep dive; energy on the turn

Plus growth indications at Lloyd’s, a new retro start-up and a run-down of significant people moves.

• Loeb control over SiriusPoint to be scaled back in merger
• Coward to acquire Pioneer’s remaining business
• Seven in 10 black staff experience recruitment barriers: Lloyd’s study
• Cytora goes 100% remote, grants employee work-from-home budget
• Opinion: The carrier-MGA relationship is evolving faster than ever
• More than 60% of insurers to prioritise pandemic cover: BlackRock

Opinion

With its upcycle plans for ERS, Aquiline is looking to attack the market with the assets it has to hand

The market expects a deal with Tysers, but there are three reasons why it may be wrong

Pan Re is the right answer but has come at the wrong time for a struggling UK government

Public commitments to D&I are welcomed but there is a wider question on who is holding firms to their word.

In Brief

Steamship Mutual ups rates by 5% for 2020-21

Peak Re hires Swiss Re executive as chief economist

Liiba adds Ed’s Clarkson to board

Whitespace pulls customers onto new advisory board

Efma names Allianz’s Pailhol as its new chairman

Gallagher hires Zurich exec as market management director

Analysis

All together now: The collective action threat for the (re)insurance sector

Legal developments and the growth of litigation funding create challenges for the industry.

Boeing's $2bn loss and the hard aviation reinsurance market

Some reinsurers pulled quotes as the shock waves of ~$650mn of creep reverberated.

Hardening cargo market moves closer to rating adequacy

Rate movement is positive and sustained, but has been overshadowed by a string of major losses.

Airline insurers push 20%-25% rate rises but premium levels still threatened

Underwriters are adjusting underlying exposures to push for rate while keeping premium increases modest for cash.

Watkins and Horner lead the 2020 Political Violence Rankings

Horner stood his ground and won the broker ranking for the second consecutive year, while Watkins topped the underwriter league table for the first time.

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