Analysis

Aviation insurance industry braces for fallout after Branson’s Virgin Atlantic goes bust

By 2020-08-05T07:45:00

Virgin Atlantic

Gallagher warns that Covid-19 could ‘act as a catalyst’ for rate increases translating into a harder global insurance market

London-based airline Virgin Atlantic has declared bankruptcy just months after sister company Virgin Australia filed for voluntary administration back in April.

It is just part of the fallout that the aviation industry is experiencing during the ongoing Covid-19 pandemic, and one that will have a knock-on effect on the aviation insurance industry which includes travel insurers as passenger demand plummets.

Read more…

You need to register to continue reading the rest of this article and more for free.
(If you’re already registered, please sign in here.)

REGISTER NOW FOR FREE

We’re glad you’ve chosen Insurance Times as your source for industry news and hope you’ve been enjoying reading articles from our award-winning team of journalists.

Gain access to more of our exclusive, breaking stories, interviews and news analysis as it happens. Registering is quick, easy, free, and will also have the additional benefits:

  • Uncover Secrets: Dive deep with exclusive annual reports, fueled by expert insights.
  • News That Matters: Award-winning coverage & analysis, delivered to your inbox.
  • Stay Ahead, Your Way: Daily or weekly - choose your news rhythm.
  • Own Your Learning: Curate your knowledge with a personalized library.

Register for FREE now and Keep Reading

Stay on top of the insurance game with our subscription! Get unlimited access to over 80,000 articles, in-depth analysis, exclusive reports by industry experts, and our Five-Star rating system to compare companies and find the best fit for your business needs - view subscription options.