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Views mixed on aviation capacity: whether rates hold at present levels, says Pete Fahrenthold, Continental Airline's risk management chief, depends on additional capacity coming into the market.(Special Report: Marine/Aviation)
From:
Risk & Insurance
| Date:
December 1, 2003| Author:
Slattery, Thomas J.
| COPYRIGHT 2003 Axon Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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An aviation insurance market in transition is what a consensus of corporate buyers, brokers and underwriters see for the final quarter of 2003. They forecast a conservative market, one that is gradually softening, and one whose capacity is adequate, comfortable or somewhat slack depending on the point of view. Still, by all accounts, conditions won't get easier in the short term for all involved.
"The markets are trying to hold premium at current levels," says Pete Fahre...