As the second quarter concludes, it is clear that vaccination programmes are advancing and in general, air travel is picking up. Nevertheless, social and travel restrictions remain in place throughout the world and flight numbers, while varied between geographies, are generally still far below pre-pandemic levels.
Fortunately, from an insurance perspective, market conditions across all aerospace segments are showing signs of improvement, pointing to a more positive environment for buyers in 2021 than has been seen for some time. Due to differing recovery levels, renewals are highly likely to remain complex and demanding for the foreseeable future. However, with a well-worked strategy and effective partnership approach, we are confident that we remain fully positioned to support our clients through these challenges.
This quarter, we cover a broad range of topics including:
- The latest Lead Lines article from Steve Eccles, Global Head of Aerospace at AIG, discussing the importance of connectivity and close relationships in navigating the current environment.
- Commentary on market conditions in the core aviation segments with articles from Gallagher's Aerospace specialists.
- A special feature article by Michael Gill from IATA, discussing the challenges of climate change and decarbonisation.
- A round-up of the latest market personnel moves and a brief Gallagher update.
We hope you enjoy this edition and if you’d like to discuss any of the topics in more detail, please get in touch using the details below.