Subscribe to RSS feedPlotting future course into choppier seas
MARINE insurers are navigating difficult waters in 2009 with the downturn in the shipping and financial markets posing significant challenges for the industry.
RISK ASSESSMENT: The 63,950 dwt bulk carrier Freda in distress off Europa Point, Gibraltar, in October 2008 — it later ran aground on rocks and was broken in two in gale force winds.
Insurance companies have seen profits and reserves dwindle in the wake of the financial crisis in the third quarter last year, with the onus now on underwriters across all lines to cutback unprofitable business and exert tight control over pricing....
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
