Summary: Summary of Gallagher specialties market update that aviation insurance shifting due to major airline losses and rising small scale claims.
- uncertainties due to aircraft losses caused by Russia-Ukraine conflict.
- reinsurers leveraging cedant relationships to maintain or expand market share.
- cedant reinsurance teams exercising heightened scrutiny when purchasing aviation coverage.
- despite losses Carpenter notes ample capacity remains that supports January 1 renewals and supports market stability.
- Ian wriggglesworth global head of aviation and aerospace guy Carpenter.
- Andy Edward managgging director of Aviation and Aerospace Specialty Guy Carpenter