Specialty marine hull & machinery could soften in 2024: Gallagher
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
  • Free Trial
  • Log in

Specialty marine hull & machinery could soften in 2024: Gallagher

Abbie Day
28 December 2023
  • X
  • LinkedIn
  • Email
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Email
Gallagher logo London.jpg

The specialty marine hull and machinery market could gradually soften in 2024 as underwriters looking to grow their portfolios set their sights on the most attractive fleets in terms of tonnage type and performance, according to Gallagher.

In its most recent marine hull and machinery update, Gallagher said higher-than-normal war premiums in some cases may "help to paper over the cracks, as claims inflation pushes overall hull loss ratios back in the wrong direction”.

Author

Subscribers, log in here:

Fuel a smarter strategy with our actionable market intelligence

      • Gain a competitive edge and accelerate decision-making
      • Be empowered by insights that transform confusion to clarity
      • Uncover growth opportunities and prepare for potential threats
      • Fuel a smarter strategy for business growth
Request a free trial Already a subscriber? Log in now

Topics

News Marine
abbie wood/Abbie wood II red.png
Abbie Day
Reporter
Contact
Gift this article