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25 April 2018

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Aviation market takes ‘baby steps’ to hardening

Bernard Goyder 12 January 2018

The global aviation market is starting to harden, with loss-hit accounts achieving rate increases in the fourth quarter, according to JLT Specialty.

In JLT's latest Plane Talking report, the broker's head of aerospace Nigel Weyman said underwriters had for the most part succeeded in halting buyer demands for further rate cuts.

Weyman said: "By the fourth quarter the renewal results and market consensus confirmed that conditions have hardened.

"In 2017, we saw for the first time in many years a...

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