Aviation rate rises ‘more muted’ than initially hoped, says Beazley boss
Intense competition in the aviation market - particularly in the area of war risks - has prevented the industry securing the rate rises necessary following a spate of costly plane losses, according to Beazley’s chief underwriting officer Neil Maidment.
His comments came after the death toll from Trans Asia flight GE235, which crashed in Taiwan earlier this week, rose to 32.
Speaking at a briefing this morning (5 February) following Beazley's full
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