Carrier withdrawals and cost hikes threaten sector’s long-term viability
Gallagher has released its Q1 2025 edition of Plane Talking, offering a detailed assessment of aviation insurance market conditions, claims activity, and underwriting sentiment across sectors including airlines, aerospace manufacturers, general aviation, and space.
The report notes that Q1 2025 followed the trajectory anticipated at the end of last year, marked by market uncertainty and volatility. Despite continued availability of capacity, pressure on pricing is emerging due to recent major losses, including the Jeju Air incident, reportedly reserved at around $300 mi