Analysts at Guy Carpenter have reported that the general aviation and aerospace markets remained “relatively unaffected” by COVID-19 at the January 1, 2022 renewal period.
After two years of increases in these markets, the broker reported that reinsurers priced as before or slightly higher (up 2.5%) as an average across programs on a risk-adjusted basis.
Profitable treaties also received minor increases in commissions and space clients were able to complete their panels with relative ease at January 1.
