Struggling to stay afloat

After successive years of serious losses, marine insurance markets hardened dramatically at the end of the 1990s, and insurers have persisted with strong medicine to try and turn their fortunes around. Hull, cargo and liability premiums have risen on average between 10% and 35% per year, much to the chagrin of owners and shippers already hit by depressed global freight markets. Yet many underwriters know that even this dose is too weak to combat increasing claims costs, hardening reinsurance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Insurance Age? View our subscription options

If you already have an account, please sign in here.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: