Copying and distributing are prohibited without permission of the publisher
Aviation losses in first half 10% below average
08 July 2010
Aviation insurance looks set to deliver strong returns in 2010 for the first time in four years. However the line remains fragile and a single loss could lead to a dramatic change, according to an Aon report.
Read more:
aviation insurance
aon
Aviation insurance looks set to deliver strong returns in 2010 for the first time in four years. However the line remains fragile and a single loss could lead to a dramatic change, according to an Aon report.
Preliminary figures for July, based on 16 of the expected 35 renewals for 2010, suggest that the airline insurance market is still softening. Underwriters are once again providing rate reductions to some airlines that are projecting exposure increases during the course of their 2010/11 insurance policies, meaning that there is increased confidence in the airline sector on the part of the insurance markets.
“This is exceptionally good news after a very challenging couple of years,” said the report.
The average level of claims so far...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.