AON SAYS AIRLINE MARKET IS SOFT

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By TESTCustomwebLP TESTCustomwebLP January 19, 2011 14:54

AON SAYS AIRLINE MARKET IS SOFT

Aon has said in its December 2010 edition of Airline Insurance Market News, that the airline market remains “soft,” despite lead and hull and liability numbers

“The 19% average premium increase in November is influenced by three airlines that have either had losses, come of group insurance programmes or both,” the report says. “Stripping these three from the numbers and the lead hull and liability premium price would have fallen on average by 12% for the month and grown by only 4% during the year.

The report also says the 2010 results were on pace to result in $2 billion in premiums and $1.9 billion in claims costs.

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By TESTCustomwebLP TESTCustomwebLP January 19, 2011 14:54
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