Air France disaster to hurt Lloyd’s and prompt 20% price rise
Lloyd’s insurer Novae lost 13½p to 360p amid concerns it would be liable for some of the losses generated by the Air France crash, the Times reports.
RBS analysts said: “The Air France plane crash will be a costly airline disaster for the insurance industry and the Lloyd’s market will have a share of it.” But it added that many of the Lloyd’s insurers might benefit longer term because premium rates could rise by up to 20% as a result.
