Further hull and cargo rate slowdown expected at 1.1 as competition grows
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Further hull and cargo rate slowdown expected at 1.1 as competition grows

Samuel Casey
09 December 2021
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Low-to-mid-single-digit rate increases are expected for marine hull and cargo business at the 1 January renewals, with similar levels of rating growth anticipated throughout 2022, as increased competition continues to dampen pricing momentum in major marine classes.

Sources told Insurance Insider that hull rates in the London market were expected to be up around 5%-7.5% at 1 January, with increases of around 5% anticipated throughout 2022, whereas cargo rates were expected to move at between 2.5%...

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News Analysis London market Marine
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Samuel Casey
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