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