Insurance losses stay low in 2011

Insurer Willis report, Airline Insight, has stated that favourable market conditions that have existed for buyers for airline insurance throughout this year will continue amidst an absence of major losses and persistence in excess capacity. The report says that 2011 has been a standout year in terms of airline loss performance, with the level of losses at the end of November being the best for seven years. The airline industry safety performance has been exemplary over the past 30 months with no major catastrophe since the Air France loss in June 2009. Commenting on the report, Steve Doyle, Business Development