IUMI | FP Marine Risks

Posts tagged: IUMI

Underwriting, underwriting, underwriting – An Asian broker’s perspective

8 September 2010

Posted in Articles

Tagged: Asia, capacity, claims, economy, insurers, IUMI, premiums, recession, trade, underwriting

First published in the September 2010 issue of the Asia Insurance Review On the face of it, the global economic slump created conditions that should have left marine insurance clients bearing the brunt of a hardening market and spiralling premiums. But according to Mr Philip Bilney, Group Executive Director, FP Marine Risks, not only did that [...]

World marine insurance markets remaining soft despite recession

1 June 2009

Posted in Blog

Tagged: IUMI, premiums, recession, soft market

In February, we wrote in this blog about the stark forecasts coming out of IUMI (International Union of Marine Insurance) regarding the global recession and the effects it was likely to have on pricing levels. The report was bleak, with slower demand and falling freight rates forcing shipowners to find efficiencies across the board, and insurers [...]

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

19 February 2009

Posted in Blog

Tagged: charterer, claims, hard market, IUMI, recession, shipowner

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 [...]