Extra capacity threatens marine market ballast
A sharp increase in extra capacity continues to flood the marine insurance sector, with all eyes on whether or not this will capsize the market.
Lloyd and Partners expects that there will "no doubt be further pressure on incumbent insurers to sharpen their pencils for those accounts which have performed well and those which they are keen to retain."
The broker's latest assessment of the energy and marine market noted: "Observers will be watching eagerly to see whether the anticipated...
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