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.
Cyber terror, fears of armies of drones, business interruption/supply chain disruption and worries about the economy all help to heighten aviation (re)insurers anxiety levels while the “new normal” soft market depresses rates and underwriters alike.