I would have guessed that bond got an increase on renewal this year for their first loss, the second loss happened on their renewal. The pot for off shore heli's is empty, All offshore ops might be paying more one way or another for their insurance. Lets not forget operators are not crashing small value heli's anymore they are dumping $15m + machines and therfore the payback is much longer. We were hoping that with the glass cockpit the frequency of losses will deminish but so far that hasn't happened.
Last edited by InsuranceGuy; 14th May 2009 at 08:39.