Posts tagged: hard market

World insurance markets not yet hardening in response to the global recession

19 February 2009

Posted in Blog

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In January, IUMI (International Union of Marine Insurance), warned of bleak times ahead as the industry prepared to face the impact of a global slowdown. Slowing demand and lower freight rates are forcing shipowners and charterers to cut costs and find efficiencies. Inevitably, marine insurers will feel the effects through increasing claims, and [...]

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Hurricanes Rita and Katrina – heralding the next hard market?

26 October 2005

Posted in Opinions

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Whenever the insurance market suffers a major loss there almost immediately follows a chorus of rhetoric proclaiming the start of the next hard market. And so it is with this year’s US Gulf hurricanes. But is this a lot of noise being made by those who would talk-up the market, or does it reflect a genuine [...]

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