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Airline insurance market remains stable despite uncertainty

Posted On: Oct. 19, 2022 10:01 AM CST


According to U.S.-based Arthur J. Gallagher & Co., airline insurance market remains relatively stable and will stay so for at least the remaining months of the year despite the ongoing uncertainty around losses from the Russia-Ukraine war, Reinsurance News reported. Gallagher said that insurers’ actual combined results for aviation losses from the war have come far below the industry estimates in the first half of the year.