Aviation pricing turns back down in November: JLT
November aviation renewals showed a return to softening rates,
reversing the recent moderate hardening trend, according to major
broker JLT.
JLT's November Plane Talking report, published today (9
December), said that greater levels of competition had forced rates
to soften, albeit at a more moderate pace than at the beginning of
the year.
Some larger accounts with exposure growth were now experiencing
flat or slight reductions, JLT said.
However, the broker added that rate increases continu
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