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
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