IUMI: Lloyd’s will ‘invite’ closure of unprofitable marine lines
Sources confirm that the corporation has instructed loss-making syndicates to drop hull and cargo business
Hard-pressed shipowners may end up having to fork out double the current 0.1% of hull value to get vessels covered, according to IUMI participants
If content does not display, please refresh your browser.
Not a subscriber?
Find out about tailored subscription packages:
T: +44 (0) 20 3377 3792