Airline insurance capacity may be at its peak, according to a brokerage firm study, which found that net premium for the sector fell by 7 percent in the first eight months of this year.
Aon's Airline Insurance Market Review found that merger and consolidation activity witnessed in 2005, while somewhat abated, "has been a significant factor in the [negative]-7 percent premium erosion in the market year to-date."
The Chicago-based brokerage's report noted that last year's hurricane season in the United States failed to deliver what Aon said was an expected hardening of the market.
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