Visicover seems to have shaken the Aircraft insurance tree in the UK which has to be a good thing.
However those of us who have been around a while have seen this happen before when Onrisk burst on to the scene in a blaze of glory only to disappear equally as quickly after a couple of years leaving quite a few people high and dry as I remember.
Not suggestioning for one moment that this will happen again but how do we know that AIG, Visicovers insurer are in the UK GA market for the long haul and will not also disappear form the UK after a couple of years when the claims start rolling in.
I am fully aware of the size of AIG as a global insurer but that does not mean they willl stick around in the UK if/when the figures don't stack up.