Aerospace

The hires are the latest personnel changes in the aviation broking market amid a prolonged war for talent.

Despite a smooth transition to remote working, Lloyd’s underwriters are focusing on existing clients during the pandemic, the broker warns.

In its Plane Talking report the broker said insurers are still focused on long-term rate adequacy.

David Boyle, Ed Louth, Paul Baker and Neil Black will join the broker’s global aerospace team.

Plummeting passenger volumes will directly affect premiums collected by insurers.

The commercial aviation market is extraordinary and unusual. Airlines have close-knit relationships and collaborate to ferry millions of people across continents each day.

Some airlines are understood to be renegotiating terms of payment.

Miles Taffs was joint active underwriter of Syndicate 2001, and previously served as head of aviation at Amlin.

The broker has made six global aviation hires as the battle for staff in the market continues.

The former Aon broker specialises in general aviation and small products liability business.

Gordon Browne will take over as interim head of global specialty following the executive’s departure.

Zurich is understood to lead the aerospace company’s D&O programme, brokered by Aon.