Airline insurers could be cash-flow negative again in 2011
The prevailing soft market conditions in the aviation insurance market "should be questioned" despite the benefits to insurance buyers, says UK broker Jardine Lloyd Thompson (JLT).
So far in 2011, hull rates have dropped 9 percent and liability rates are down 13 percent when insurers' greater risk exposures are accounted for, according to JLT's rate change barometer.
However, because premium levels are up a fraction this year (1 percent) on a pure income basis while losses remain below average, rates...
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