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Willis Tower Watson acquires aviation broker Aerosure

Greg Rector, managing director of Aerosure, will become MD of Willis’ Australasia aviation division. ....

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Willis Towers Watson expands aviation insurance broking expertise and solutions with acquisition of Aerosure

Willis Towers Watson expands aviation insurance broking expertise and solutions with acquisition of Aerosure
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How safety data affects airline insurance pricing


How safety data affects airline insurance pricing
With premiums rising across the airline insurance market, safety performance will become a key factor to mitigate increasing insurance costs, write John Rooley, CEO, and Simon Knechtli, Managing Director, Global Aerospace, Willis Towers Watson.
By any measure, 2020 was a bad year for aviation. IATA calculated airlines’ total losses reached $126 billion, with passenger demand having fallen almost 66% compared with 2019.
For the industry’s insurers, who have had to return substantial amounts of premium to the commercial airline operators whose fleets largely sat idle during the current pandemic, it wasn’t much better.
In 2021, insurers intend to again increase insurance rates. The degree of increase will depend on whether airlines can provide evidence of the kind of risk management that gives insurers the confidence to differentiate specific clients from the pack. ....

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