Hull underwriters call for rating robustness in 2024 as softening signs emerge
Underwriters in the marine hull market have warned of the need to retain rating resilience during 2024, as early signs emerge that the market may be starting to tip in favour of buyers.
Sources told Insurance Insider that pricing was broadly stable at 1 January renewals in hull, but rate decreases were beginning to creep in for clients with healthy loss records.
Uncover exclusive insights tailored for insurance leaders
- Stay Informed: Access exclusive industry insights
- Gain a competitive advantage: Hear first about tactical developments
- Make better decisions: Understand market dynamics in crucial lines of business