War market agrees to re-underwrite deals at lower prices

Aviation war insurers are renewing some risks on expiring terms
despite a year in which the market's loss ratio has soared well
north of 1,000 percent, The Insurance
Insider understands.
War policies that were written between August and October are
also being ripped up and rewritten at the urging of the
brokers.
"The war market has completely collapsed over the last few
weeks," one underwriter said.
Underwriting sources said that the Civil Aviation Administration
of China and Lufth