Forecast

Our main focus for the fourth quarter of 2011 is set on the airline portfolio with around 75%* of the world’s premium income renewing in the final three months. However, with premium levels expected to remain static or indeed fall in some cases, underwriters will be looking to the aerospace book to bolster their premium income. Therefore, market conditions are expected to remain favourable for clean renewals, with modest premium reductions available.

The airport, air navigation system and refuellers books will be negotiating their January 2012 renewals during the fourth quarter and while underwriters always like to start a new year with resolve, there is little indication that current market conditions will not continue into the beginning of 2012.

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