Renewals present opportunity for aerospace insurers to reset

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.