Airline insurance rate hardening eases
The airline insurance market appears to have settled into single digit rate increases in 2010, as the hardening that has followed last year's heavy losses slows.
But with only 10 percent of expected annual premium renewed so far, there is significant scope for a shift in dynamics as renewal activity takes off later in the year - even without further significant losses.
That was the view of broker Aon as it published its latest update on the sector. It recorded...
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