Aviation rates up 20% at 1/10, but 2010 outlook hazy
The global aviation insurance market is facing a challenging outlook as the historically significant airline renewal milestone of 1 October approaches this week.
According to Magnus Allan - an analyst at Aon Global UK Aviation & Aerospace - as the sector nears the end of what is almost certainly going to be its third successive loss-making year, pricing is rising at a rate of approximately 20 percent. However, the market is still well served with significant latent capacity that could...
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