Rate reductions still not possible in loss-hit marine liability market: Miller
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Rate reductions still not possible in loss-hit marine liability market: Miller

Samuel Casey
06 January 2022
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Ongoing loss deterioration in the marine liability market made it impossible to secure rate reductions at the 1 January renewals, according to a report from Miller.

The broker said that there was a belief in the liability market that there is not enough premium in the system to pay for claims, with a particular focus on the charterers and non-poolable market.

The

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News Marine London market Brokers Rates
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Samuel Casey
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