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Commercial Aviation
The
rates for commercial operations has softened for operators that have
a modern aircraft as part of their turbine fleet. Airlines are once
again experiencing significant rate reductions again due to the
increased market capacity. Losses are, however, on the rise and the
profit margins shrinking for aviation insurance companies writing
airline business. With respect to large FBOs and helicopter
accounts, several underwriting companies are quoting a vertical line
share (or % of the risk) with other insurance companies in order to
bid for this class of business.
Aero Alliance maintains key
relationships with decision makers in the aviation insurance
community which allows us to place the most comprehensive and
competitive insurance programs for our clients.
The aviation war insurance market
experienced a major blow prior to September 11, 2001. On July 24,
2001 terrorists blew up several of Srilankan Airlines aircraft which
cost the market $388,600,000.
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Key Benefits |
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We recognize the
client's need to have responsive expertise. Our
expertise includes not only having knowledge of the
aviation insurance coverage and access to the global
aviation markets, but influencing the market in
terms of rates and coverage provided.
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Aero Alliance
assists our clients with risk analysis and designs
cost effective aviation insurance programs, which
will include risk retention analysis and captive
funding alternatives.
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The most cost
effective programs are designed to prevent losses
from occurring. Our team provides loss prevention
engineering services designed to eliminate or avoid
potential aviation exposures to loss.
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Aero Alliance
applies high quality standards of conduct as a
practice in serving our commercial aviation
clients. We constantly stay in touch and listen to
our clients so we can sense their need for new
products and services.
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