With over 62% of airplanes grounded in April, the value of the top 10 insured airports has shifted, said Suki Basi, managing director, Russell Group speaking to AM Best TV.
Multi-Class Exposure Management: Marine, Cyber, Terror Drive Losses
The terrorism and cyber threats have featured heavily in recent insurance trade press reports causing underwriters to question whether they understand their exposures in these areas. It was the impact of the Tianjin explosion, however, that has demonstrated the potential of major losses to surprise even the most experienced underwriters.