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Victor’s ‘virtual syndicate’ to bring SME business to Lloyd’s

Active underwriter Jill Frances says the MGU will leverage Lloyd’s licensing for international growth.

Former Lloyd’s CEO Beale takes Clyde & Co board seat

The non-executive will advise the insurance law specialist on D&I initiatives.

Twia to trim 2020 reinsurance as it budgets for rate increase

The Texas Windstorm Insurance Association also increased its ultimate loss figure for Hurricane Harvey to $1.7bn.

RBC analyst trims Beazley recommendation over social inflation

Kamran Hossain rates the stock “outperform” rather than a “top pick”.

• Wefox raises $110mn in Omers-led funding round
• Argo reveals terms of Watson's separation agreement 
• Axis COO Strachan steps down as two directors retire
• AIG still has 'a lot to do' on property book: Zaffino 
• CV Starr takes lead on world’s largest aviation placement 
• Munich Re backs cyber MGA Celerity Pro

Opinion

You shouldn’t penny pinch on your do-or-die transformation programme

Swiss Re’s stellar capital position is diminishing in importance, but things can change.

This is not so much a sudden burst as a slow deflation of the MGA bubble

The hardening market doesn’t mean the death of facilities

In Brief

NAIC elects Florida’s Altmaier as president-elect for 2020

Bruce Kelley to step down as EMC CEO

Miller hires Aon’s Green for wind energy fac role

Liiba establishes electronic placing committee

AIG names Todd as Asia Pacific commercial property head

Goldman Sachs-backed Aston Lark makes second Irish purchase

Analysis

Commercial aviation rates rise by 20-30% at key Q4 renewals

Sources said airline premiums have increased by around 40 percent on average.

Late 1.1 renewal will extend U-shaped dynamic pricing

European cat is flat, as US casualty pricing improves and expectations of sequential rises through 2020 grow.

I50 edges lower despite US specialty growth

The index slips 0.1 percent.

Hard market watch: CIAB Q3 edition

Data from the Q3 CIAB pricing survey provides solid evidence the market today is well beyond anything seen since the turn of the decade.

Prendergast and Layzell lead the 2019 Cyber Rankings

Changes in leading positions point to a fluid market for cyber talent.

• Cyber
• US Property Cat
• Political Risk
• Political Violence
• D&O