London Market aviation capacity builds, can’t tame all rates: Marsh
Capacity continues to build up in the London Market for major swathes of airline and general aviation covers, putting continued downward pressure on rate, but with major exception for ever-pricey hull war and excess AVN52 markets, analysts at Marsh have claimed.
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7 November 2023 Prices and attachment points are likely to remain stable in 2024, but cedants are likely to look for relaxation on terms and conditions as more capacity comes into the market, says Guy Carpenter’s Randy Fuller.