Gary notes that, after five years of significant volatility, the aviation insurance and reinsurance market remains well capitalised, with substantial capacity for airlines, general aviation and aerospace risks. That capacity, however, is being deployed with growing discipline. “Appetite is increasingly selective,” he told the magazine, with loss history, liability exposure, geography and jurisdiction all shaping underwriting decisions.
For international underwriters, he explains, there is no single “Brazil risk”. The country’s scale and the diversity of its operations, from airlines and business aviation to offshore helicopters, agricultural aircraft and air taxis, mean that each exposure is assessed on its own merits. A well-run Brazilian operator can therefore obtain terms comparable to equivalent risks in the United States or Europe.
Data sits at the centre of this shift. Real-time operational information on aircraft utilisation, maintenance, safety trends and route exposure is helping underwriters understand how a risk is actually managed. “The challenge is not simply to collect more data, but to turn that information into meaningful underwriting intelligence,” says Gary.
Looking ahead, Gary believes the market enters 2026 with enough capacity that a single loss is unlikely to turn the cycle on its own. A combination of factors, such as a series of major losses, large-scale geopolitical events or a reduction in reinsurance capital, would be needed to change that balance.
Aerospace and aviation is one of Oneglobal’s core specialty lines, and the firm advises airlines, owners, operators and other aviation businesses on the placement of their risks with the world’s leading insurance markets.
The full article (in Portuguese) is available in the digital edition of Revista Apólice, from page 14: read it here.
To discuss aviation risk with our team, contact us at oneglobalbroking.com.
About Oneglobal
Oneglobal Broking (“Oneglobal”) is an international specialty insurance and reinsurance broker on a mission to reinvigorate broking by putting clients at the heart of everything it does. The firm connects businesses to the world’s leading insurance and reinsurance markets, combining global reach with local expertise to deliver tailored protection that evolves with each client’s risks.
Formed in 2018 through the merger of Lloyd’s brokers SSL and Endeavour, Oneglobal is backed by financial services investment firm J.C. Flowers & Co. and private equity firm B.P. Marsh & Partners. Operating across 14 countries, Oneglobal provides advisory and placement across specialty lines, including aerospace and aviation, marine, energy, cyber, construction, political risks, and transactional risks, alongside retail insurance, risk management, and employee benefits. The business has placed more than $1.2bn in premium over the past three years (2023-26).
Oneglobal operates in: Bermuda (2 offices), Brazil (4 offices), China, Colombia, Costa Rica, Cyprus, Dubai (UAE), Greece, Hong Kong, Panama, Peru, Singapore, United Kingdom, United States (3 offices).
Oneglobal Broking Holdings Limited is registered in England and Wales (company no. 11357570), with its registered office at 30 St Mary Axe, London EC3A 8BF.
For more information, visit oneglobalbroking.com.