Subscribe to RSS feedUnderwriters see no light in near future
by
Obsidian
—
last modified
Feb 05, 2009 12:00 AM
Marine insurance industry leaders have warned underwriters that the knock-on effect from the “devastating” global economic and seatrade downturn could last into 2011.
The International Union of Marine Insurance (IUMI) said underwriters will have to run hard to stay in place over the next 18-24 months to overcome the collapse in trade values and volumes.
It spelt out the bleak mix of...
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