Transcription of Marine insurance - Aon
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Marine insurance - Aon
Aon Risk Solutions Marine insurance market update Ship owners face testing times as freight markets and asset values languish. Q4 2012 The persisting soft phase of the Marine insurance market cycle however, is helping control some costs Contents Overview Overview Shipping markets have been in the doldrums Rather like the shipping market itself, the chief The evolving Asian since the onset of the global financial and characteristic of the Marine hull market is that Marine markets economic crisis. The Baltic Dry Index peaked the supply of underwriting capacity exceeds close to 12,000 in 2008, but since the crash the demand for it, though perhaps more Aon Benfield releases has only occasionally flirted with territory dramatically in the case of the hull market.
They have been patchily successful, it is perhaps fair to say, although the true effect has probably been to stop the rot, as they see it, rather than to drive any actually meaningful
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