Subscribe to RSS feedBig rise in Lloyd's marine premiums before credit crisis
Gross written premiums within the Lloyd's of London marine sector were up 9% to £1.3bn (US$1.9bn) last year, although the recent strong performance is under threat as economies contract, according to Lloyd's latest annual report.
Premiums continued to rise last year on the back of spiralling commodity prices early in the year and the insurance market remained soft throughout 2008, according to the report.
However, it warned that the economic downturn in the second...
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