Airline insurance market report from Aon

The airline insurance market has continued the trend for single digit increases in lead hull and liability premium, on the basis of May renewals, according to Aon. The latest Aon Aviation & Aerospace’s Airline Insurance Market News said that this suggests that the 20% average premium increase in 2009 was enough to attract capacity into the airline sector. ‘If claims are around average in 2010, it will be the first time that underwriters have had a return on their investment in four years,’ said Aon.