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Insurance broker Arthur J. Gallagher & Co. said that the 2022/2023 reinsurance renewals present an opportunity for global aerospace insurers to reset retention levels, pricing levels and policy conditions, Reinsurance News reported. While inflation continues to be the top concern for insurers, Gallagher has warned that pressure on increasing their margins is inevitably forcing many of them to scrutinize and re-calibrate their pricing.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms