Hull market records 18th annual loss as marine premiums fell 1.7%
Global marine premiums fell by 1.7% last year, dropping from $34.8bn (£21.3bn) in 2012 to $34.2bn according to the latest statistics released by the International Union of Marine Insurance at its 2014 annual conference in Hong Kong.
Although the loss ratio improved overall with large losses in particular declining, the hull market still recorded its 18th consecutive loss making year in 2013.
Astrid Seltmann, vice chairman of the
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 info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Lloyd’s/London
Lloyd’s reportedly shelves Blueprint Two
Lloyd’s has shelved its major technological transformation project Blueprint Two after years of delays.
Rome wasn’t built in a day, but neither is a space elevator
View from the Top: Sam Thomas, head of retail underwriting at Zurich UK, looks at how insurance turns tomorrow’s breakthroughs into insurable realities.
Q&A: Tim Rayner, Verisk
Verisk’s new CEO of general insurance for the UK and Ireland sits down with Harry Curtis to discuss plans to encourage cross-pollination between the company’s GI and specialty businesses.
Aviva Private Clients launches in Lloyd’s
Aviva has launched its high-net-worth proposition in the Lloyd’s market.
Why facilities are here to stay in the London market
View from the Top: Jon Cope, managing director of specialty lines at Intact Insurance, predicts broker facilities will continue to drive the market in 2026.
Throwback Thursday: War opens Lloyd’s; Royal spending
Insurance Post’s Throwback Thursday steps back in time to January 1991 to remind you what was going on this week in insurance history when the Gulf War saw Lloyd’s remain open at the weekend and Royal, now known as Intact, wanted to raise brand awareness.
Turk outlines how Lloyd’s can grow in ‘knife edge’ market
Lloyd’s chief of market performance Rachel Turk has highlighted areas in which she thinks the market can continue to grow in a pricing environment that she characterised as “softening” but not yet “soft”.
Beazley rejects Zurich’s latest offer
Beazley's board and shareholders have confirmed it has rejected Zurich’s latest offer to buy it outright for around £7.67bn.