Brockbank Syndicate Management is planning to overcome turbulence in the aviation market with the launch of its Aircraft Hull Continuous Deductible Policy.

The annual premium is based on the policyholders own performance rather than the general swings in market place, which should smooth the cyclical nature of the £2bn market which in 1999 recorded losses of about £800m.

Deputy aviation underwriter Martin Jackson said: “The structure of the new policy provides a level of cost stability which has not been available before in the aviation insurance market.”