Willis: no end in sight for soft aviation market
The airline insurance market remained stable as no dramatic changes occurred to alter market drivers, broker Willis said in its Airline Insight report.
Willis warned that with exposure increases continuing to outstrip premium increases it was unlikely that the bottom of the market has been reached yet.
Premium in the market grew by less than $0.25mn during the first half of 2011 compared to the same period last year, as a low claims environment and stable capacity helped preserve recent...
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