Get modelling or miss the boat.
Two years ago Steve Mathews argued that the main reason for heavy losses in the marine market was non-technical underwriting, rather than overcapacity. Since then, he says, there have been improvements but not nearly enough to ensure long-term profitability.
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Most marine underwriters are a frustrated bunch. While their colleagues enjoy the hardest market for years, marine rates seem to be stuck in low gear. There may have been
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